You boss asks you to complete another important project. Based on the information below he wants to know what the NPV and the IRR of the project will be. The following information was made available to you in order to evaluate a project for the company's new client Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Forecasted Unit Sold 35,000 85,000 95,000 106,000 225,000 199,000 Fixed Costs 500,000 500,000 500,000 500,000 500,000 500,000 This project will run for six years and will require an initial investment of $17,500,000 for new equipment. At the end of the six years, this equipment can be sold for $600,000. The initial working capital required will be Inventory of 4,000,000, Accounts Receivable of $1,000,000 and Accounts Payable of $3,000,000. You have contacted CRA and determined that the asset class for this equipment is Class 6 which has a CCA rate of 10%. You also confirm that the company's tax rate is 35%. The company forecasts that they can sell their new products at a price of $250, and that the variable cost of each unit sold is $140. The required rate of return for this project is 30% You boss asks you to complete another important project. Based on the information below he wants to know what the NPV and the IRR of the project will be. The following information was made available to you in order to evaluate a project for the company's new client Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Forecasted Unit Sold 35,000 85,000 95,000 106,000 225,000 199,000 Fixed Costs 500,000 500,000 500,000 500,000 500,000 500,000 This project will run for six years and will require an initial investment of $17,500,000 for new equipment. At the end of the six years, this equipment can be sold for $600,000. The initial working capital required will be Inventory of 4,000,000, Accounts Receivable of $1,000,000 and Accounts Payable of $3,000,000. You have contacted CRA and determined that the asset class for this equipment is Class 6 which has a CCA rate of 10%. You also confirm that the company's tax rate is 35%. The company forecasts that they can sell their new products at a price of $250, and that the variable cost of each unit sold is $140. The required rate of return for this project is 30%