Sunland Corporation is considering adding a new product line. The cost of the factory and equipment to produce this prod

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Sunland Corporation is considering adding a new product
line. The cost of the factory and equipment to produce this product
is $1,677,000. Company management expects net cash flows from the
sale of this product to be $450,000 in each of the next eight
years.

If Sunland uses a discount rate of 11 percent
for projects like this, what is the net present value of this
project? (Round intermediate calculations to 6
decimal places and answer to 2 decimal places, e.g. 52.50. Enter
negative amounts using negative sign e.g.
-45.25.)
What is the internal rate of return? (Round
intermediate calculations to 6 decimal places and answer to 2
decimal places, e.g. 52.50.)