Emerald Isle is an on-line retailer in California that is considering a new six-year expansion project that would greatly increase its capacity to import and distribute high quality hand-made items from Ireland. The project will require an initial fixed asset investment of $1.6 million. The fixed asset will be depreciated straightline to zero over its six-year tax life. The fixed asset will have a market value of $250,000 at the end of the project. The project will also require an initial investment in net working capital of $200,000 that will be returned at the end of the project. The project is estimated to generate $1,450,000 in annual sales with costs of $950,000. The tax rate for the firm is 30%. The required return for firm investments is 15%. What is the NPV of this project? What is the IRR?

as an excel formula. Thank you