Target-Mart is planning a new store in Greenwich. The company will lease the n

Target-Mart is planning a new store in Greenwich. The company will lease the needed space for 9 years. Equipment and fixtures for the store will cost $500000
and will be depreciated totally using the straight-line depreciation method. In addition inventories valued at $50000 will also be needed to stock the store
at the current time (before opening). Sales are expected to be $1.5 million each year. Operating expenses ignoring depreciation will be $750000 each year.
The firm will liquidate the inventory at the end of the 9-year period. The corporate tax rate is 34%. The WACC for Target-Mart is 13.75%.

What is the NPV and IRR of this project?