Steve$-$O Stunts, Inc. is evaluating a flame$-$throwing project with the following CFs$.$ Initial Outlay $=$ $$470$; CF$1=$ $$305$; CF$2=$ $$85$; CF$3=$ $$200.$

$($a$)$ Compute the payback period $($in years$).$

$($b$)$ Using a discount rate of $4\%,$ calculate the discounted payback period for the same project.

$($c$)$ Compute the IRR of the project.