Growth Enterprises believes its latest project, which will cost $94,000 to install, will generate a perpetual growing stream of cash flows. Cash flow at the end of the first year will be $7,000, 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 10%, 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.