11. You are considering a project with a ring a project with an initial cash outlay of 60.000 Lira and expected free cash flows of 20.000 Lira at the end of each year for ura at the end of each year for 5 years. The required rate of return for this project is 12% A. Calculate the project's payback period. (2p) B. Calculate the project's NPV. (4p) C. Calculate the project's PI. (10) D. State the meaning of IRR and comment whether you expect it to be above or below the (3p) project's required rate of return.(that is 12%)