Pappy's Potato has come up with a new product, the Potato Pet (they are freeze-dred to last longen). Pappy's paid $125,000 for a marketing survey to determine the viablity of the product. It is felt that Potato Pet will generate sales of $840,000 per year. The fixed costs associated with this will be $206,000 per year, and variable costs will amount to 18 percent of sales. The equipment necessary for production of the Potato Pet will cost $860,000 and will be depreciated in a straight-ine manner for the four years of the product Iffe (as with all fads, it is felt the sales will end quickly). This is the only initlal cost for the production. Pappy's has a fax rate of 21 percent and a required return of 13 percent. Q. Calculate the payback perlod for this project: Note: Do not round intermedlate colculations and round your answer to 2 decimal places, e.g., 3216. b. Calculate the NPV for this project. Note: Do not round Intermedlete calculations ond round your answer to 2 decimal places, e.g., 32.16. c. Calculate the IRR for this project. Note: Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16