b. XYZ Corporation is considering a project with an initial investment of $50. The cash inflows associated with the project are as follows: Year Expected cash inflows 1 20 2 15 35 Suppose the cost of capital is 15%, Calculate the payback period for the project. (1 mark) ii) Calculate the NPV of the project. (1 mark) Calculate the IRR for the project using a scientific calculator. (4 marks) or the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)