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 $$4$ million today $($t $=0)$ to purchase additional equipment. This equipment is eligible for $100\%$ bonus depreciation, so the equipment is fully depreciated at the time of its purchase. The company plans to use the equipment for all $3$ years of the project. At t $=3($which is the project's last year of operation$),$ the equipment is expected to be sold for $$1,200,000$ 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 $$2,200,000$

$27,750,000$

$33,500,000$

$-$ 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? Round your answers to $2$ decimal places. Do not round your intermediate calculations.