Sunland Corporation is considering adding a new product line. The cost of the factory and equipment to produce this product is $1,677,000. Company management expects net cash flows from the sale of this product to be $450,000 in each of the next eight years. If Sunland uses a discount rate of 11 percent for projects like this, what is the net present value of this project? (Round intermediate calculations to 6 decimal places and answer to 2 decimal places, e.g. 52.50. Enter negative amounts using negative sign e.g. -45.25.)

NPV

______$

What is the internal rate of return? (Round intermediate calculations to 6 decimal places and answer to 2 decimal places, e.g. 52.50.)

Internal rate of return

___________ %