Pharoah Corporation is considering adding a new product line. The cost of the factory and equipment to produce this product is $1,630,000. Company management expects net cash flows from the sale of this product to be $450,000 in each of the next eight years. If Pharoah uses a discount rate of 12 percent for projects like this, what is the net present value of this project? (Round intermediate calculations to 6 decimal places and answer to 2 decimal places, e.g. 52.50. Enter negative amounts using negative sign e.g. -45.25.) NPV $ What is the internal rate of return? (Round intermediate calculations to 6 decimal places and answer to 2 decimal places, e.g. 52.50 .) Internal rate of return %