2 questions please

Consider a project that requires an initial investment of $5.0 million at time zero. The expected net cash inflows over the five-year life of the project are as follows: $1.2 million at the end of year 1; $1.4 million at the end of year 2:$1.6 million at the end of year 3;1.8 million at the end of year 4; and $2.0 million at the end of year 5. If the required rate of return for the project is 12 percent, what is the internal rate of return (IRR) for the project? Select one a. 14.8% b. 16,4% c. 10.4% d. 12.2% Consider a project that requires an initial investment of $5.0 million at time zero. The expected net cash inflows over the five-year life of the project are as follows: $1.2 million at the end of year 1; $1.4 million at the end of year 2:$1.6 million at the end of year 3;$1.8 million at the end of year 4, and $20 million at the end of year 5. If the required rate of return for the project is 12 percent, what is the payback period for the project? Select one a. 4.25 years b. 3.44 years c. 3.86 years d. 2.67 years