Comparing all methods. Given the following after$-$tax cash flow on a new toy for Tyler's Toys, find the project's payback period, NPV$,$ and IRR. The appropriate discount rate for the project is $12\%.$ If the cutoff period is $6$ years for major projects, determine whether management will accept or reject the project under the three different decision models.

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$

Initial cash outflow: $$10,600,000$

Years one through four cash inflow: $$2,650,000$ each year

Year five cash outflow: $$1,060,000$

Years six through eight cash inflow: $$478,333$ each year

What is the payback period for the new toy at Tyler's Toys?

years $($Round to two decimal places.

Under the payback period, this project would be $($accepted or rejected?$)$

What is the new NPV for the new toy at Tyler's toys? $ $($round to nearest cent$)$

Under the NPV rule, this project would be $($accepted or rejected$)?$

What is the IRR for the new toy at Tyler's toys? $\%$ round to $2$ decimals

Under the IRR rule, this project wold be $($accepted or rejected$)?$