A project has the cash flows given in the table below. The project has required rate of return of 12.4 percent and Net Present Value (NPV) of -$21,325.57. Calculate the project's internal rate of return (IRR). Year Cash Flow 0 1 2 Not Given $246,000 $246,000 $253,000 $253,000 $253,000 3 4 5 O 11.45 percent O 10.61 percent O 16.91 percent O 13.48 percent O 17.22 percent Question 4 2 pts An investment project provides cash inflows of $83,190 per year for eight years. What is the project's payback period if the initial cost is $377.900? 4.54 years O 3.46 years O 583 years O 3.21 years O 4.92 years