Problem 11-1 NPV

Project K costs $55,000, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 10%. What is the project's NPV? Round your answer to the nearest cent.

$

Project K costs $59,691.15, its expected cash inflows are $13,000 per year for 10 years, and its WACC is 13%. What is the project's IRR? Round your answer to two decimal places.

%