Sunshine Smoothies Company $($SSC$)$ manufactures and distributes smoothies. SSC is considering the development of a new line of high$-$protein energy smoothies. SSC$\text{'}$s CFO has collected the following information regarding the proposed project, which is expected to last $3$ years:

The project can be operated at the company's Charleston plant, which is currently vacant.

The project will require that the company spend $$4\mathrm{.}1$ million today $($t $=0)$ to purchase additional equipment. For tax purposes the equipment will be depreciated on a straight$-$line basis over $5$ years. Thus, the firm's annual depreciation expense is $$4,100,000/5=$ $$820,000.$ The company plans to use the equipment for all $3$ years of the project. At t $=3($which is the project's last year of operation$),$ the equipment is expected to be sold for $$1,500,000$ before taxes.

The project will require an increase in net operating working capital of $$730,000$ at t $=0.$ The cost of the working capital will be fully recovered at t $=3($which is the project's last year of operation$).$

Expected high$-$protein energy smoothie sales are as follows:

Year Sales

$1$ $$2,100,000$

$28,000,000$

$33,150,000$

The project's annual operating costs $($excluding depreciation$)$ are expected to be $60\%$ of sales.

The company's tax rate is $25\%.$

The company is extremely profitable; so if any losses are incurred from the high$-$protein energy smoothie project they can be used to partially offset taxes paid on the company's other projects. $($That is$,$ assume that if there are any tax credits related to this project they can be used in the year they occur.$)$

The project has a WACC $=10\mathrm{.}0\%.$

What is the project's expected NPV and IRR? Do not round intermediate calculations. Round the monetary value to the nearest cent and percentage value to two decimal places.