Pharoah, Inc., a resort management company, is refurbishing one of its hotels at a cost of...

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Pharoah, Inc., a resort management company, is refurbishing one of its hotels at a cost of $6,589,023. Management expects that this will lead to additional cash flows of $1,510,000 for each of the next six years. What is the IRR of this project? If the appropriate cost of capital is 12 percent, should Pharoah go ahead with this project? (Round answer to 4 decimal places, e.g. 5.2516%.) The IRR of this project is % The firm should the project. Cullumber Unlimited is considering purchasing an additional delivery truck that will have a seven-year useful life. The new truck will cost $37,400. Cost savings with this truck are expected to be $11,400 for the first two years, $7,900 for the following two years, and $4,500 for the last three years of the truck's useful life. What is the payback period for this project? (Round answer to 2 decimal places, e.g. 52.75.) Payback period years What is the discounted payback period for this project with a discount rate of 10 percent? (Round answer to 2 decimal places, e.g. 52.75.) Discounted payback period years Pharoah, Inc., a resort management company, is refurbishing one of its hotels at a cost of $6,589,023. Management expects that this will lead to additional cash flows of $1,510,000 for each of the next six years. What is the IRR of this project? If the appropriate cost of capital is 12 percent, should Pharoah go ahead with this project? (Round answer to 4 decimal places, e.g. 5.2516%.) The IRR of this project is % The firm should the project. Cullumber Unlimited is considering purchasing an additional delivery truck that will have a seven-year useful life. The new truck will cost $37,400. Cost savings with this truck are expected to be $11,400 for the first two years, $7,900 for the following two years, and $4,500 for the last three years of the truck's useful life. What is the payback period for this project? (Round answer to 2 decimal places, e.g. 52.75.) Payback period years What is the discounted payback period for this project with a discount rate of 10 percent? (Round answer to 2 decimal places, e.g. 52.75.) Discounted payback period years