A project being considered has an initial investment cost of $300 million. The Company uses a 14% WACC to evaluate capital projects. Projected revenues are as follows:

1. Year 1-$100 million

2. Year 2-$200 million

3. Year 3-$400 million

4. Year 4-$500 million

a. What is the projects payback period?

b. What is the projects NPV?

c. What is the projects IRR?

Please provide the formula and step-by-step calculations.