Midtown Clinic is evaluating a project that costs $145,000 and has expected net cash inflows of $38,000 per year for six years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 12%. Answer the following questions.

a) What is the project's payback period in years?

b) What is the project's NPV?

c) What is the project's IRR? (Enter your answer in percent, but omit the % symbol.)