Lambert Company is evaluating a capital project.The project would require an initial investment of $640,000 and would provideannualnet cash inflows of $124,000 over the next 10 years.

Required:

A. (2 marks) Compute the internal rate of return on the project.Round your answerto the nearest full percent. [Answer format: No percent sign, no decimals]

Answer:Answer

%.

B. (2 marks) Assuming the company's minimum required rate of return is 12%, compute the net present value of the project.Round your answerto the nearest full dollar. [Answer format: No dollar sign, no commas, no decimals]

Answer:$Answer

C. (1 mark) Compute the payback (i.e. use the payback method). Round your answer toonedecimal place.

Answer:Answer

years.