Baird Golf has decided to sell a new line of golf clubs. The clubs will sell for $$765$ per set and have a variable cost of $$410$ per set. The company has spent $$155,000$ for a marketing study that determined the company will sell $80,000$ sets per year for seven years. The marketing study also determined that the company will lose sales of $15,000$ sets of its high$-$priced clubs. The high$-$priced clubs sell at $$1,200$ and have variable costs of $$645.$ The company will also increase sales of its cheap clubs by $17,000$ sets. The cheap clubs sell for $$475$ and have variable costs of $$220$ per set. The fixed costs each year will be $$9,450,000.$ The company has also spent $$1,050,000$ on research and development for the new clubs. The plant and equipment required will cost $$30,450,000$ and will be depreciated on a straight$-$line basis. The new clubs will also require an increase in net working capital of $$1,450,000$ that will be returned at the end of the project. The tax rate is $40\%,$ and the cost of capital is $10\%.$

Calculate the payback period. $($Round the final answer to $3$ decimal places.$)$

Payback period years

Calculate the NPV$.($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit $ sign in your response.$)$

NPV $,$$

Calculate the IRR. $($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

IRR

$\%$