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Please solve and include process if possible. value: 14.28 points You did not receive full credit for this question in a previous attempt Aria Acoustics,

Please solve and include process if possible.

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value: 14.28 points You did not receive full credit for this question in a previous attempt Aria Acoustics, Inc., (AAI) projects unit sales for a new seven-octave voice emulation implant as follows: Year Unit Sales 109,500 128,500 116,500 99,500 85,500 Production of the implants will require S1,530,000 in net working capital to start and additional net working capital investments each year equal to 10 percent of the projected sales increase for the following year. Total fixed costs are $1,380,000 per year, variable production costs are $228 per unit, and the units are priced at $348 each. The equipment needed to begin production has an installed cost of $24,500,000. Because the implants are intended for professional singers, this equipment is considered industrial machinery and thus qualifies as seven-year MACRS (MACRS Table) property. In five years, this equipment can be sold for about 10 percent of its acquisition cost. AAl is in the 30 percent marginal tax bracket and has a required return on all its projects of 15 percent. What is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net present value What is the IRR of the project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Internal rate of return S 7,618,496.6 26.74% %

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