Blossom Corp. management is planning to convert an existing warehouse into a new plant that will increase its production capacity by $45$ percent. The cost of this project will be $$7,849,425.$ It will result in additional cash flows of $$2,029,200$ for each of the next eight. years. The discount rate is $10\mathrm{.}35$ percent.

Excel Template

$($Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre$-$entered in the template based on the textbook version of the problem.$)$

a$.$ What is the payback period? $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

The project's payback period is $$ years

b$.$ What is the NPV for this project? $($Round intermediate calculations and final answer to $0$ decimal places, e$.$g$.1,251.$ Do not round discount factor values. Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

The project's NPV is $

$$

$$

c$.$ What is the IRR? $($Round answer to $3$ decimal places, e$.$g$.15\mathrm{.}251\%.)$