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Is the answer right? please show your work. thanks. Growth Enterprises believes its latest project, which will cost $160,000 to install, will generate a perpetual

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Is the answer right? please show your work. thanks.

Growth Enterprises believes its latest project, which will cost $160,000 to install, will generate a perpetual growing stream of cash flows. The cash flow at the end of the first year will be $5,000, and cash flows in future years are expected to grow indefinitely at an annual rate of 2%. If the discount rate for the project is 15%, what is the project NPV? NPV= (please round your final result to 2 decimals if necessary) What is the intemal rate of retum (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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