11.6

11.8

(Calculating IRR, payback, and a missing cash flow) The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility. The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as follows: (U on the icon in order to copy its contents into a spreadsheet.) If you know that the project has a regular payback of 2.7 years, what is the project's IRR? The IRR of the project is %. (Round to two decimal places.) (Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: (Click on the icon in order to copy its contents into a spreadsheet.) If the project's appropriate discount rate is 8 percent, what is the project's discounted payback period? The project's discounted payback period is years. (Round to two decimal places.)