IBM is evaluating a project in Eutopia. The project will create the following cash flows:

Year	$
0	-1,330,000
1	250,000
2	470,000
3	450,000
4	215,000
5	95,000

All cash flows will occur in Eutopia and are expressed in dollars. In an attempt to improve its economy, the Eutopias government has declared that all cash flows created by a foreign company are blocked and must be reinvested with the government for one year. The reinvestment rate for these funds is 3.5 percent. If Anderson uses a required return of 12 percent on this project, what are the NPV and IRR of the project? Is the IRR you calculated the MIRR of the project? Why or why not? Please show all steps for credit.