12. Suppose SureFine Foods is looking at investing in a new food product. They anticipate that receipts will be $100,000 in the first year and cash expenditures will be about 70% of this value for the first year. If receipts are expected to grow at 6% per year and costs at 4% per year thereafter, fill in the following receipts, cash expenses, and cash flows for years 1, 2, and 3. Assuming an annual interest rate of 10% or i=.10, calculate the discounted value of the cash flow for each year. Then using ow for each vear. Then using these (sum up to get a Net Present Value. If ABC invested $50,000 in new product development costs, will the product development potentially payoff in 3 years' time? (10 pts) Year 2 Year 3 Year 1 $100,000 Receipts Cash Expenses Cash Flow Discounted Value of Cash Flow DVVL NPV= NPV = XT=1 DV+ = DV:+DV2+DV; ill product payoff in 3 years? YES NO