McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $$920$ per set and have a variable cost of $$451$ per set. The company has spent $$250,000$ for a marketing study that determined the company will sell $85,000$ sets per year for seven years. The marketing study also determined that the company will lose sales of $8,850$ sets per year of its high$-$priced clubs. The high$-$priced clubs sell at $$1,350$ and have variable costs of $$670.$ The company will also increase sales of its cheap clubs by $11,300$ sets per year. The cheap clubs sell for $$360$ and have variable costs of $$156$ per set. The fixed costs each year will be $$14,850,000.$ The company has also spent $$2,000,000$ on research and development for the new clubs. The plant and equipment required will cost $$49,200,000$ and will be depreciated on a straight$-$line basis. The new clubs will also require an increase in net working capital of $$3,875,000$ that will be returned at the end of the project. The tax rate is $25$ percent, and the cost of capital is $12$ percent.

Calculate the Time $0$ cash flow.

Note: Enter your answer as a positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$

Construct the pro forma income statement.

Note: Do not round intermediate calculations and round your answers to the nearest whole number, e$.$g$.,32.$

Calculate the OCF.

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$

Calculate the payback period, the NPV$,$ and the IRR.

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