Question 1 Vienna Technology LLC is a subsidiary of SAAP Corporation based in central Germany. The firm is working on a Venture Capital (VC) project that has a time horizon of 10 years. The table below contains the expected cash flow (in $000) over the next 10 years. The initial cost is $1,990 (in $000). Assume an 8% discount rate. Calculate the VC projects IRR and NPV.

Year	Cash flow ($000)
1	320
2	350
3	350
4	400
5	400
6	420
7	395
8	375
9	400
10	350