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 $96,700. Calculate the project's internal rate of return (IRR). Year Cash Flow 0 Not Given 1$246,000 2$246,000 3$253,000 4$253,000 5$253,000 8.37 percent 10.61 percent 16.91 percent 13.48 percent 9.81 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 3.46 years 5.83 years 3.21 years 4.92 years