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Growth Enterprises believes its latest project, which will cost $150,000 to install, will generate a perpetual growing stream of cash flows. The cash flow at

image text in transcribed Growth Enterprises believes its latest project, which will cost $150,000 to install, will generate a perpetual growing stream of cash flows. The cash flow at the end of the first year will be $5,500, and cash flows in future years are expected to grow indefinitely at an annual rate of 1%. If the discount rate for the project is 14%, what is the project NPV? NPV= (please round your final result to 2 decimals if necessary) What is the internal rate of return (IRR) for the project? IRR = % (Note: the above answer is in terms of percentage. Please round your final result to 2 decimals if necessary)

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