Q6. A project that requires an initial investment of $340,000 is expected to have an after-tax cash flow of $70,000 per year for the first two years, $90,000 per year for the next two years, and $150,000 for the fifth year? Assume the required return for this project is 10%.

a. What is the NPV of the project?

b.What is the IRR of the project?

Ps: Do not use Excel, thanks.