Company Z expects inflation to be 10% over the next five years. The company is evaluating a project with real operating (before tax) cash flows of R10 000 per annum and an initial cost of R50 000. From year 1 to year 5, tax shields (depreciation allowances) of R2 000 will be taken. The companys WACC is 15% and a tax rate of 20% applies. Determine the real rate adjusted NPV and then adjust the cash flows to nominal values to determine the inflation adjusted NPV of the project. Round your answers to the nearest whole number.