Need help with these two questions.

1. A project has an initial cost of $70,000, expected net cash inflows of $11,000 per year for 11 years, and a cost of capital of 8%. What is the project's NPV? (Hint:Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to the nearest cent.
2. Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $6.8 million, of which 65% has been depreciated. The used equipment can be sold today for $3.4 million, and its tax rate is 25%. What is the equipment's after-tax net salvage value? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.