(Related to Checkpoint 11.4) (IRR calculation) What is the internal rate of return for the following project: An initial outlay of $9,500 resulting in a single cash inflow of $18,513 in 7 years. The internal rate of return for the project is \%. (Round to the nearest whole percent.) (IRR calculation) Determine the internal rate of return on the following project: An initial outlay of $10,500 resulting in a cash inflow of $2,046 at the end of each year for the next 9 years. The internal rate of retum of the project is \%. (Round to the nearest whole percent.) (Net present value calculation) Carson Trucking is considering whether to expand its regional service center in Mohab, UT. The expansion requires the expenditure of $9,500,000 on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $3,000,000 per year for each of the next 7 years. In year 7 the firm will also get back a cash flow equal to the salvage value of the equipment, which is valued at $1 million. Thus, in year 7 the investment cash inflow totals $4,000,000. Calculate the project's NPV using a discount rate of 6 percent. If the discount rate is 6 percent, then the project's NPV is $ (Round to the nearest dollar.)