Given Info: A firm is considering whether or not to purchase an asset to expand its operations. Below is a table of the cash flows associated with the asset over its useful life. The firm has a required rate of return of 16.50%. The asset has no salvage value.

A. What is the internal rate of return (IRR)? Round to the nearest 0.01.

B. What is the net present value (NPV)? Round to the nearest 0.01.

C. What is the payback period? Round to the nearest 0.01.

Note: For problems solved in the financial calculator, please list your inputs. Otherwise, show all your work (each step) using the formula.

Year 0 1 2 3 4 5 Cash Flow -$10,750 $3,450 $1,800 $1,600 $1,200 $5,275