Growth Enterprises believes its latest project, which will cost $$83,000$ to install, will generate a perpetual growing stream of cash flows. Cash flow at the end of the first year will be $$8,000,$ and cash flows in future years are expected to grow indefinitely at an annual rate of $4\%.$

If the discount rate for this project is $12\%,$ what is the project NPV$?$

Note: Do not round intermediate calculations.

What is the project IRR?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.