$($Payback $$period$,$ NPV$,$ PI$,$ and IRR calculations$)$ You are considering a project with an initial cash outlay of $$$$75,000$ and expected free cash flows of $$$$25,000$ at the end of each year for $7$ years. The required rate of return for this project is $9$ percent.

a$.$ What is the$$ project's payback$$ period?

b$.$ What is the$$ project's NPV$?$

c$.$ What is the$$ project's PI$?$

d$.$ What is the$$ project's IRR$?$

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Part $1$

a$.$ The$$ project's payback period is

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enter your response here years.$($Round to two decimal$$ places.$)$ Solve All Parts A$,$B$,$C$,$D Please