$($Round to two decimal$$ places.$)$Comparing all methods. Given the following after$-$tax cash flow on a new toy for Tyler's Toys, find the project's payback period, NPV$,$ and IRR. The appropriate discount rate for the project

is $11\%.$ 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 $1$ in order to copy its contents into a spreadsheet.$)$

Initial cash outflow: $$13,300,000$

Years one through four cash inflow: $$3,325,000$ each year

Year five cash outflow: $$1,330,000$

Years six through eight cash inflow: $$579,333$ each year