Miami savings bank is considering the establishment of a new branch office at the corner of 59th street and collins ave. The savings association economics department projects annual operating revenues of $1.6m from fee incone and annual baranch operating expenses of $800,000. The cost of procuring the property is 1.75million and branch construction will total an estimated 2.75 million; the facility is expected to last 25 years. If the bank has a minimum acceptable return on its invested capital of 16%, will the bank likely procreed with this branch office project? What is the NPV and IRR?