QUESTION 3 Drake Pharmaceuticals inc. is reviewing a factory automation project with an initial cash outflow of $250,000. An additional $100.000 will have to be invested after the first year, followed by an additional investment of $50,000 at the end of the second year. Beginning at the end of year 3, the project is expected to generate savings of $90,000 per year for the next eight years. Calculate the project's payback period, IRR, and its NPV and Plat a cost of capital of 10%. Round the answers to two decimal places enter numbers only without notations like "%" or "s" or "years". a Payback period: years b. IRR CNPV:$ d.PL