(Payback period, NPV, PI, and IRR calculations) You are considering a project with an initial cash outlay of $80,000 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. D Question 1 0.5 pts a. What is the project's payback period? (Round to two decimal places.) D Question 2 0.5 pts b. What is the project's NPV? (Round to the nearest cent.) D Question 3 0.5 pts c. What is the project's Pl? (Round to three decimal places.) D Question 4 0.5 pts d. What is the project's IRR? (as a %, round to two decimal places)