The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking up." As a result, the cemetery project will provide a net cash inflow of $119,000 for the firm during the first year, and the cash flows are projected to grow at a rate of 6.2 percent per year forever. The project requires an initial investment of $1,420,000. a. If the company requires a return of 12 percent on such undertakings, what is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. The company is somewhat unsure about the assumption of a growth rate of 6.2 percent in its cash flows. At what constant growth rate would the company just break even if it still required a return of 12 percent on its investment? Solve for g, that makes the PV of the projected cash flows equal to the initial investment. In other words, the NPV will be $0.00 (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Consider the following cash flows: What is the payback period for the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)