Your firm is contemplating the purchase of a new $800,000 computer-based system. The system will be depreciated straight-line to zero over its five-year life. It will be worth (i.e., salvage value) $150,000 at the end of that time. The system generates $250,000 before taxes profits per year and the system needs an additional working capital of $120,000 (this is a one-time increase). If the tax rate is 30 percent and cost of capital is 12%, what are the NPV and IRR for this project? (Show work)