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Please show all work. Thanks for your help! Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows:

Please show all work. Thanks for your help!

image text in transcribed Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows: All cash flows will occur in Erewhon and are expressed in dollars. In an attempt to improve its economy, the Erewhonian 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 4 percent. If Anderson uses a required return of 7 percent on this project, what are the NPV and IRR of the project? Note:A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Enter the IRR as a percent. Round your answers to 2 decimal places, e.g., 32.16

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