Aria Acoustics, Inc., (AAI) projects unit sales for a newseven-octave voice emulation implant as follows: Year Unit Sales 1109,500 2 128,500 3 116,500 4 99,500 5 85,500 Production of theimplants will require $1,530,000 in net working capital to startand additional net working capital investments each year equal to10 percent of the projected sales increase for the following year.Total fixed costs are $1,380,000 per year, variable productioncosts are $228 per unit, and the units are priced at $348 each. Theequipment needed to begin production has an installed cost of$24,500,000. Because the implants are intended for professionalsingers, this equipment is considered industrial machinery and thusqualifies as seven-year MACRS (MACRS Table) property. In fiveyears, this equipment can be sold for about 10 percent of itsacquisition cost. AAI is in the 30 percent marginal tax bracket andhas a required return on all its projects of 15 percent. What isthe NPV of the project? (Do not round intermediate calculations andround your answer to 2 decimal places, e.g., 32.16.) Net presentvalue $ What is the IRR of the project? (Do not round intermediatecalculations and enter your answer as a percent rounded to 2decimal places, e.g., 32.16.) Internal rate of return