A firm undertakes a five-year project that requires an initial capital investment of $150,000. The project is then expected to provide cash flow of $35,000 in the first year, $55,000 in the second and third years, $35,000 in the fourth year, and $8000 in the fifth year. The project has an end-of-life salvage value of -$6,000.

1.If the discount rate applied to these cash flows is 7.80 percent, then to the nearest dollar, the net present value of this project is _

2.Rounded to two decimal places as a percent, the internal rate of return of the project described in the last problem is _____.%