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Aday Acoustics, Inc., projects unit sales for a new 7-octavevoice emulation implant as follows:YearUnit Sales175,000280,400386,200483,300570,300Production of the implants will require $1,500,000 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 $3,900,000per year, variable production costs are $145 per unit, and theunits are priced at $327 each. The equipment needed to beginproduction has an installed cost of $18,700,000. Because theimplants are intended for professional singers, this equipment isconsidered industrial machinery and thus qualifies as 7-year MACRSproperty. In five years, this equipment can be sold for about 15percent of its acquisition cost. The company is in the 25 percentmarginal tax bracket and has a required return on all its projectsof 19 percent. MACRS schedule.  What is the NPV of the project? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)What is the IRR of the project? (Do not roundintermediate calculations and enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.)