project is $9\%.$ If the cutoff period is $6$ years for major projects, determine whether management will accept or reject the project under the three different decision models.

$($Click on the following icon in order to copy its contents into a spreadsheet.$)$

Initial cash outflow: $$10,300,000$

Years one through four cash inflow: $$2,575,000$ each year

Year five cash outflow: $$1,030,000$

Years six through eight cash inflow: $$455,333$ each year

What is the payback period for the new toy at Tyler's Toys?

years $($Round to two decimal places.$)$

Under the payback period, this project would be rejected. $($Select from the drop$-$down menu$)$

What is the NPV for the new toy at Tyler's Toys?

$($Round to the nearest cent.$)$

Under the NPV rule, this project would be

What is the IRR for the new toy at Tyler's Toys?

$\%($Round to two decimal places.$)$

Under the IRR rule, this project would be

$($Select from the drop$-$down menu$)$