McGilla Goif has decided to sell a new line of golf clubs. The clubs will sell for $$910$ per set and have a variable cost of $$443$ per set. The company has spent $$230,000$ for a marketing study that determined the company will sell $83,000$ sets per year for seven years. The marketing study also determined that the company will lose sales of $8,750$ sets per year of its highpriced clubs. The high$-$priced clubs sell at $$1,340$ and have variable costs of $$660.$ The company will also increase sales of its cheap clubs by $11,100$ sets per year. The cheap clubs sell for $$352$ and have variable costs of $$150$ per set. The fixed costs each year will be $$14,650,000.$ The company has also spent $$1,800,000$ on research and development for the new clubs. The plant and equipment required will cost $$47,000,000$ and will be depreciated on a straight$-$line basis. The new clubs will also require an increase in net working capital of $$3,775,000$ that will be returned at the end of the project. The tax rate is $23$ percent, and the cost of capital is $14$ percent. Calculate the payback period, the NPV$,$ and the IRR.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$ Enter your IRR answer as a percent.

$\backslash$table$[[$Payback period,,years$],[$Net present value,,$],[$Internal rate of return,,$\%$