Show work clearly for partial credit. Showing financial calculator inputs is an acceptable form of showing work. Don't round anything until the final answer. If the answer to a previous part of the question is needed to solve subsequent parts of the question, use the unrounded result instead of the rounded answer. If a problem uses daily compounding, assume a 365 day year, and if a problem uses weekly compounding, assume a 52 week year. Round all answers expressed in dollars to the nearest penny unless otherwise instructed. Express all percentage answers in percentage form, and round to two decimal places (Example: 6.42%)

Year	Cash Flow
0	-$1,950,000
1	1,170,000
2	680,000
3	880,000
4	1,140,000

Assume a discount rate of 11.4 percent.

1.What is the payback period? Round your answer to two decimal places.

2.What is the net present value (NPV) rounded to the nearest dollar?

3.What is the internal rate of return?