Problem 6-32 Project EvaluationAria Acoustics, incorporated (AA), projects unit sales for a new seven-octave voice emulation implant as follows:\table[[Year,Unt sales],[1,51,000],[2,65,000],[3,82,000],[4,73,000],[5,49,000]]Production of the implents will require $1.6m illion in net working capial is start and addiconal net porking capital investments each year equal to 15 percent of the projected sales increase for the following year. Total flaed costs are $2.4 million per year, variable production costs are $265 per unit, and the units are priced an $395 each. The eoploment needed to begin production has an installed cost of $12.9 million. Elecause the implants are intended for proflessional singers, this eouloment is considered industrial machinery and thus qualifes as seven-year MACRS property MACRS schealte IDeres in a.now tab or windarel. in five years, this equipment can be sold for about 20 percent of its acquisition cont. The lax rate is 21 perceit and the required return is 18 percent.What is the NPV of the project?Note: Do not round intermediate calculations and ester your answer in deflars, not millions of dollars, rounded to 2 decimal places, e.g.1,234,567.89.What is the ill of the project?Note: Do not reund infermediate calculationa and enter your answer as a percent rounded to 2 decimal placers, e.g.,32.16.Table 6.3 Depreciatica under Modified Accelerated Cost Recovery System (MACRS)\table[[Year,Becovery Period Class],[3 Years,5 Years,5 Years,10 Fears,15 Years,20 Fears],[.3333,.2 eld,. 14279,. Teep,-8540,-23354],[2,0.4445,.3720,.2449,.1800,0.8950,-92219],[3,0.1411,-1920,.1749,0.1448,-9855,-86677],[4,.8741,.1152,.1249,0.1152,-8778,-66177],[5,,11152,1.8893,0.6922,.8693,-85713],[6,,49576,.8992,.8737,-E023,-85285],[7,,,,80193,.8455,.8540,-86888],[8,,,.0446,.8455,-8594,-86522],[9,,,,.8456,.8591,.80462],[10,,,,.8655,.85 Pe,.84461],[11,,,,.8298,.8591,.8044?],[12,,,,,.85,.804451],[13,,,,,.8591,-eedes],[14,,,,,.85,.80461],[15,,,,,.8541,.80464],[16,,,,,.8245,.84061],[17,,,,,,.BEET.],[18,,,,,,-EEESI],[19,,,,,,-etter.],[20,,,,,,. EUEWS],[21,,,,,,-97813]]Depreciation is expessed as a percentage of the anse's initial cont. These soludiafs are haved ce IRS Publication 946, entitled year deperciation actually carrics over six years became the IRS assumes the prechase is made midyear.