Ivanhoe 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 $7,676,401. It will result in additional cash flows of $2,225,200 for the next eight years. The discount rate is 11.80 percent.

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

What is the NPV for this project?

What is the IRR?