Naseeb Textile Inc., is considering project, with an initial investment of $185,000. The companys board of directors has set a 3.5year payback requirement and has set its cost of capital at 9%. The cash inflows associated with the projects is as follows: Cash inflows (CF,) Year Project A 1 $75,000 2 60,000 3 30,000 4 30,000 5 30,000 6 30,000 a. Calculate the payback period for project. b. Calculate the IRR of project.