2. (Payback period, NPV, PI, and IRR calculations) You are considering a project with an initial cash outlay of $75,000 and expected free cash flows of $30,000 at the end of each year for 6 years. The required rate of return for this project is 9 percent. a. What is the project's payback period? b. What is the project's NPV? c. What is the project's PI? d. What is the project's IRR? a. The project's payback period is years. (Round to two decimal places.) b. The project's NPV is $ (Round to the nearest cent.) c. The the project's Plis (Round to three decimal places.) d. The project's IRR is %. (Round to two decimal places.) (NPV with varying required rates of return) Gubanich Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $6,000,000 and would generate annual free cash inflows of $1,200,000 per year for 6 years. Calculate the project's NPV given: a. A required rate of return of 9 percent b. A required rate of return of 12 percent c. A required rate of return of 13 percent d. A required rate of return of 18 percent a. If the required rate of return is 9 percent, the project's NPV is $ (Round to the nearest dollar.) b. If the required rate of return is 12 percent, the project's NPV is $ (Round to the nearest dollar.) c. If the required rate of return is 13 percent, the project's NPV is $ (Round to the nearest dollar.) d. If the required rate of return is 18 percent, the project's NPV is $ (Round to the nearest dollar.)