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Growth Enterprises believes its latest project, which will cost $ 9 6 , 0 0 0 to install, will generate a perpetual growing stream of

Growth Enterprises believes its latest project, which will cost $96,000 to install, will generate a perpetual growing stream of cash flows. Cash flow at the end of the first year will be $9,000, and cash flows in future years are expected to grow indefinitely at an annual rate of 6%.
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?

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