Project K costs $50,000, its expected cash inflows are $11,000 per year for 11 years, and its WACC is 12%. What is the project's NPV? Round your answer to the nearest cent.

Project K costs $50,000, its expected cash inflows are $11,000 per year for 11 years, and its WACC is 12%. What is the project's NPV?

Project K costs $68,499.16, its expected cash inflows are $14,000 per year for 11 years, and its WACC is 13%. What is the project's IRR? Round your answer to two decimal places.