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(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 $26,000 at the end of each year for 6 years. The required rate of return for this project is 8 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? a. The project's payback period is years. (Round to two decimal places.) b. The project's NPV is $ c. The the project's PI is d. The project's IRR is (Round to the nearest cent.) (Round to three decimal places.) \%. (Round to two decimal places.)