Aria Acoustics, Inc. $($AAI$),$ projects unit sales for a new seven$-$octave voice emulation implant as follows:

Year Unit Sales

$186,000$

$299,000$

$3113,000$

$4108,000$

$589,000$

Production of the implants will require $$1,650,000$ in net working capital to start and additional net working capital investments each year equal to $20$ percent of the projected sales increase for the following year. Total fixed costs are $$1,550,000$ per year, variable production costs are $$290$ per unit, and the units are priced at $$405$ each. The equipment needed to begin production has an installed cost of $$21,500,000.$ Because the implants are intended for professional singers, this equipment is considered industrial machinery and thus qualifies as seven$-$year MACRS property. In five years, this equipment can be sold for about $25$ percent of its acquisition cost. AAI is in the $34$ percent marginal tax bracket and has a required return on all its projects of $19$ percent. $($MACRS schedule$)$

What is the NPV of the project? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

NPV $

What is the IRR? $($Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

IRR $