You are a consultant to a large manufacturing corporation that is considering a project with the following net after$-$tax cash flows $($in millions of dollars$)$:

Years from Now After$-$Tax Cash Flow $($in millions$)$

$0-$$$65$

$1-10$ $$15$

Assuming that the project's beta is $1\mathrm{.}6,$ the risk$-$free rate $($rf$)$ is $6\%,$ and the expected market return $($E$($rM$))$ is $13\%$:

i$)$ The NPV is higher than $$4\mathrm{.}2$ million. True or False?

ii$)$ The IRR is higher than $19\mathrm{.}2\%.$ True or False?