Mc Guilla golf had decided to sell a new line of golf clubs the clubs will sell for $845 per set and have a variable cost of $405 per set the company has spent $150,000 for a marketing study that determine the company will sell 60,000 sets per year for seven years. the marketing study also determined that the company will lose sales a 10,000 sets of its high priced clubs. the high-priced club sell at $1175 and has variable cost of $620 the company will also increase sales of its cheap clubs by 12,000 sets the cheap club sale for $435 and has variable costs of $200 per set this fixed costs each year will be $9.75 million the company has also spent $1 million on research and development for the new clubs the plant and equipment required will cost $37.1 million and will be depreciated on a straight line basis the new clubs will also require an increase in networking capital of $1.7 million that will be returned at the end of the project the tax rate is 25% and the cost of capital is 10%

calculate the payback, the NPV and the IRR