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The Uptown Corporation has been presented with an investment opportunity which will yield

end-of-year cash flows of $55,000 per year in Years 1 through 4, and $121,000 in Year 5. This investment will cost the firm $235,000 today, and the firm’s cost of capital is 12 percent. What is the payback period for this investment? Round it to two decimal places, e.g., 3.46.Great Adventures, Inc. has an investment project, which has a cost of $280,000 today and is expected to provide after-tax annual cash flows of $96,000 for seven years. The firm’s cost of capital is 12 percent. Compute the MIRR. (Answer in percentage, but without the % sign, and round it to one decimal place, e.g., 12.4)