12. value:
5.00 points
McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $720 per set and have a variable cost of $320
per set. The company has spent $142000 for a marketing study that determined the company will sell 54000 sets per year for seven
years. The marketing study also determined that the company will lose sales of 8700 sets of its high-priced clubs. The high-priced
clubs sell at $1020 and have variable costs of $620. The company will also increase sales of its cheap clubs by 10200 sets. The
cheap clubs sell for $360 and have variable costs of $190 per set. The fixed costs each year will be $9020000. The company has
also spent $1030000 on research and development for the new clubs. The plant and equipment required will cost $28140000 and
will be depreciated on a straight-line basis. The new clubs will also require an increase in net working capital of $1220000 that
will be returned at the end of the project. The tax rate is 36 percent and the cost of capital is 10 percent.

Calculate the payback period. (Round your answer to 3 decimal places. (e.g. 32.161))

Calculate the NPV. (Round your answer to 2 decimal places. (e.g. 32.16))

Calculate the IRR. (Round your answer to 2 decimal places. (e.g. 32.16))