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Cullumber Corp, management is planning to convert an existing warehouse into a new plant that will increase its production capacity by 4 5 percent. The

Cullumber 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 $10.415,405. It will result in additional cash flows of $2,227,200 for each of the next eight years. The discount rate is 12.31 percent
a. What is the payback period? (Round answer to 2 decimal places, e.g.15.25)
b. What is the NPV for this project? (Round intermediate calculations and final answers to 0 decimal places, e.g.1,251. Do not round dicount factor values.
c. What is the IRR? (Round answer to 2 decimal places, e.g.15.25%.)

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