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 $10,124,533. It will result in additional cash flows of $2,297,200 for the next eight years. The discount rate is 10.13 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?

c. What is the IRR?