XYZ Inc, is evaluating a capital project using the internal rate of return method. The project has an initial cash outflow of $625,000 and the annual after-tax cash inflows for the project are below. For capital projects management requires a rate of return of 12.0%. Cash inflows are as follows: year 1$125,000, year 2$125,000, year 3$175,000, year 4$175,000 year 5$175,000, year 6$200,000. What is the internal rate of return (IRR) of the project (round to two decimal places)? 13.17%12.5%14.53%13.87% Question 10 Auto Corp. is evaluating a capital project using the payback method. The project has an initial cash outflow of $650,000 and the annual after-tax cash inflows for the project are below. For capital projects management requires a rate of return of 13.0%. Cash inflows are as follows: year 1$175,000, year 2$175,000, year 3$200,000, year 4$100,000 year 5$100,000, year 6$75,000, and year 7$50,000. How many years is the payback period of the project