MCGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $$885$ per set and have a variable cost of $$423$ per set. The company has spent $$180,000$ for a marketing study that determined the company will sell $78,000$ sets per year for seven years. The marketing study also determined that the company will lose sales of $8,500$ sets per year of its high$-$priced clubs. The high$-$priced clubs sell at $$1,315$ and have variable costs of $$635.$ The company will also increase sales of its cheap clubs by $10,600$ sets per year. The cheap clubs sell for $$332$ and have variable costs of $$135$ per set. The fixed costs each year will be $$14,150,000.$ The company has also spent $$1,300,000$ on research and development for the new clubs. The plant and equipment required will cost $$41,500,000$ and will be depreciated on a straight$-$line basis. The new clubs will also require an increase in net working capital of $$3,525,000$ that will be returned at the end of the project. The tax rate is $23$ percent, and the cost of capital is $13$ 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,$4\mathrm{.}22,$years$],[$Net present value,,$],[$Internal rate of return,,$\%$