Question 15. Fundamentals of Corporate Finance. 9th edition. Brealy, Myers, Marcus. If you may thoroughly answer question 15 and also provide the formulas used, please. Thank you in advance.

NPV/IRR. Growth Enterprises believes its latest project, which will cost $80,000 to instal, will generate a perpetual growing stream of cash flows. Cash flow at the end of the first year will be 55.000, and cash flows in future years are expected to grow indefinitely at an annual rate of 5%. (LO8-1 and LO8-2) a. If the discount rate for this project is 10%, what is the project NPV? b. What is the project IRR? 15