III Homework: = Chapter 10 Homework Question 2, Problem 10-6 (similar to) Part 1 of 4 HW Score: 14.14% 0.99 of 7 points O Points: O of 1 Save (Payback period, NPV, PI, and IRR calculations) You are considering a project with an initial cash outlay of $70,000 and expected free cash flows of $28,000 at the end of each year for 6 years. The required rate of return for this project is 6 percent. a. What is the project's payback period? b. What is the project's NPV? c. What is the project's Pl? d. What is the project's IRR