Submitted to Gradebook, Tue Oct 8, 2019, 1:38:09 AM (America/New York-04:00) Question 5 View Policies Show Attempt History Your answer is correct. Sandhill Corp. management is planning to convert an existing warehouse into a new plant that will increase its production capacity by 45 percent. The cost of this project will be $9.965,338. It will result in additional cash flows of $2,080,200 for the next eight years. The discount rate is 13.19 percent. Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) a. What is the payback period? (Round answer to 2 decimal places, e.g. 15.25) The project's payback period is 4.79 years b. What is the NPV for this project? (Round intermediate calculations and final answers to decimal places The project's NPV is $ -47532 c. What is the IRR? (Round answer to 2 decimal places, e.g. 15.25%.) The project's IRR is 13.05 %