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 $5,424,133. It will result in additional cash flows of $1,546,200 for the next eight years. The discount rate is 10.93 percent.

a. What is the payback period? (Round answer to 2 decimal places, e.g. 15.25)

The projects payback period is years

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.)

The projects NPV is $

c. What is the IRR? (Round answer to 2 decimal places, e.g. 15.25%.)

The projects IRR is %