Current Attempt in Progress

Cullumber Corporation is considering adding a new product line. The cost of the factory and equipment to produce this product is

$$1,729,000.$ Company management expects net cash flows from the sale of this product to be $$500,000$ in each of the next eight years.

If Cullumber uses a discount rate of $12$ percent for projects like this, what is the net present value of this project? $($Do not round discount

factors. Round other intermediate calculations and final answer to $0$ decimal places, es$.1\mathrm{.}525.)$

NPV $

What is the internal rate of return? $($Round intermediate calculations to $6$ decimal places and answer to $2$ decimal ploces, e$\mathrm{.}8\mathrm{.}52\mathrm{.}50)$

Internal rate of return