Aria Acoustics, Inc. (AAI), projects unit sales for a new seven-octave voice emulation implant as follows: Year Unit...

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Aria Acoustics, Inc. (AAI), projects unit sales for a newseven-octave voice emulation implant as follows:
Year Unit Sales
1 77,000
2 90,000
3 110,000
4 103,000
5 69,300
Production of the implants will require $2,500,000 in networking capital to start and additional net working capitalinvestments each year equal to 10 percent of the projected salesincrease for the following year. Total fixed costs are $5,200,000per year, variable production costs are $275 per unit, and theunits are priced at $435 each. The equipment needed to beginproduction has an installed cost of $20,500,000. Because theimplants are intended for professional singers, this equipment isconsidered industrial machinery and thus qualifies as seven-yearMACRS property. In five years, this equipment can be sold for about15 percent of its acquisition cost. The tax rate is 25 percent therequired return is 14 percent. MACRS schedule
a.
What is the NPV of the project? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)
b. What is the IRR? (Do not round intermediatecalculations and enter your answer as a percent rounded to 2decimal places, e.g., 32.16.)

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Aria Acoustics, Inc. (AAI), projects unit sales for a newseven-octave voice emulation implant as follows:YearUnit Sales177,000290,0003110,0004103,000569,300Production of the implants will require $2,500,000 in networking capital to start and additional net working capitalinvestments each year equal to 10 percent of the projected salesincrease for the following year. Total fixed costs are $5,200,000per year, variable production costs are $275 per unit, and theunits are priced at $435 each. The equipment needed to beginproduction has an installed cost of $20,500,000. Because theimplants are intended for professional singers, this equipment isconsidered industrial machinery and thus qualifies as seven-yearMACRS property. In five years, this equipment can be sold for about15 percent of its acquisition cost. The tax rate is 25 percent therequired return is 14 percent. MACRS schedulea.What is the NPV of the project? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)b.What is the IRR? (Do not round intermediatecalculations and enter your answer as a percent rounded to 2decimal places, e.g., 32.16.)

a.	What is the NPV of the project? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)
b.	What is the IRR? (Do not round intermediatecalculations and enter your answer as a percent rounded to 2decimal places, e.g., 32.16.)