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 10%. 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 2 in order to copy its contents into a spreadsheet.) Initial cash outflow: $12,200,000 Years one through four cash inflow: $3,050,000 each year Year five cash outflow: $1,220,000 Years six through eight cash inflow: $544,667 each year