The following project with cashflows below has been provided: 

Year             Cash Flow 

0                -$1,785,000 

1                    610,000 

2                     707,000 

3                     580,000 

4                       483,000 

It was decided that all cash flows must be reinvested with the government for one year. The reinvestment rate for these funds is 4 percent. If a required return of 11 percent are used on this project, What are the NPV and IRR of the project?