McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $$900$ per set and have a variable cost of $$435$ per set. The company has spent $$210,000$ for a marketing study that determined the company will sell $81,000$ sets per year for seven years. The marketing study also determined that the company will lose sales of $8,650$ sets per year of its high$-$priced clubs. The high$-$priced clubs sell at $$1,330$ and have variable costs of $$650.$ The company will also increase sales of its cheap clubs by $10,900$ sets per year. The cheap clubs sell for $$344$ and have variable costs of $$144$ per set. The fixed costs each year will be $$14,450,000.$ The company has also spent $$1,600,000$ on research and development for the new clubs. The plant and equipment required will cost $$44,800,000$ and will be depreciated on a straight$-$line basis. The new clubs will also require an increase in net working capital of $$3,675,000$ that will be returned at the end of the project. The tax rate is $21$ percent, and the cost of capital is $12$ 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,,$\%$