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

$\backslash$table$[[$Year$,$Unit Sales$],[1,71,000],[2,84,000],[3,103,000],[4,95,000],[5,64,000]]$

Production of the implants will require $$23$ million in net working capital to start and additional net working capital investments each year equal to $15$ percent of the projected sales increase for the following year. Total fixed costs are $$2\mathrm{.}9$ million per year, variable production costs are $$285$ per unit, and the units are priced at $$410$ each. The equipment needed to begin production has an installed cost of $$14\mathrm{.}8$ million. 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 $20$ percent of its acquisition cost. The tax rate is $21$ percent and the required return is $18$ percent. MACRS schedule.

What is the NPV of the project? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

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

Table $6\mathrm{.}3$ Depreciation under Modified Accelerated Cost Recovery System $($MACRS$)$

$\backslash$table$[[$Year$,$Recovery Period Class$],[3$ Years,$5$ Years,$7$ Years,$10$ Years,$15$ Years,$20$ Years$],[1,\mathrm{.}3333,\mathrm{.}2000,\mathrm{.}1429,\mathrm{.}1000,\mathrm{.}0500,\mathrm{.}03750],[2,\mathrm{.}4445,\mathrm{.}3200,\mathrm{.}2449,\mathrm{.}1800,\mathrm{.}0950,\mathrm{.}07219],[3,\mathrm{.}1481,\mathrm{.}1920,\mathrm{.}1749,\mathrm{.}1440,\mathrm{.}0855,\mathrm{.}06677],[4,\mathrm{.}0741,\mathrm{.}1152,\mathrm{.}1249,\mathrm{.}1152,\mathrm{.}0770,\mathrm{.}06177],[5,-,\mathrm{.}1152,\mathrm{.}0893,\mathrm{.}6922,\mathrm{.}0693,\mathrm{.}05713],[6,$a$,\mathrm{.}0576,\mathrm{.}0892,\mathrm{.}0737,\mathrm{.}0623,\mathrm{.}05285],[7,,,\mathrm{.}0893,\mathrm{.}0655,\mathrm{.}0590,\mathrm{.}04388],[8,$r$,-,\mathrm{.}0446,\mathrm{.}9655,\mathrm{.}0590,\mathrm{.}04522],[9,,$U$,,\mathrm{.}0656,\mathrm{.}0591,\mathrm{.}84462],[10,,$I,,$\mathrm{.}0655,\mathrm{.}0590,\mathrm{.}64461],[11,-,,,\mathrm{.}0328,\mathrm{.}0591,\mathrm{.}04462],[12,,$I,,,$\mathrm{.}6590,\mathrm{.}04461],[13,-,,,,\mathrm{.}0591,\mathrm{.}04462],[14,$and,,,,$\mathrm{.}0590,\mathrm{.}04461],[15,,-,,,\mathrm{.}0591,\mathrm{.}64462],[16,,,,,\mathrm{.}0295,\mathrm{.}04461],[17,,,,,,\mathrm{.}04462],[18,,$L$,,,,\mathrm{.}04461],[19,,$a$,,,,\mathrm{.}04462],[20,$and,$,,,,\mathrm{.}64461],[21,$and,$,,,,\mathrm{.}02231]]$

Depreciation is expressed as a percentage of the asset's initial cost. These schedules are based on II assumes the purchase is made midyear.