Answer the following questions according to the estimated cash flows associated with this project listed in the popup table:

YEAR PROJECT CASH FLOW

0 (initial outlay) ?

1 $800 million

2 400 million

3 500 million

4 100 million

What is the initial cash outlay of the project if the project's regular payback period is 2.5 years?

What is the project's internal rate of return?