Suppose you are the risk manager for a company considering a $4500000 investment in a new 12-year project. The $4.5 million cost of the project will be depreciated on a straight-line basis over 5 years. The project is expected to generate positive operating cash flows equal to $1800000 per year (not including the effect of depreciation or taxes). The company's tax rate is 40%. Ignoring any risk management considerations, evaluate the project by calculating its net present value and internal rate of return. Assume the company has a required return of 15%.