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27) Empire Industries is considering adding a new product (Product N) to its lineup. This product is expected to generate sales for four years after

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27) Empire Industries is considering adding a new product (Product N) to its lineup. This product is expected to generate sales for four years after which time the product will be discontinued SHOW WORK Investment Year Income from Cash Flovw Operations Product N $600 $100 11200 60350 400 1 $10 310 a) Compute the cash payback period b) Assuming no estimated residual value, compute the AAR (average accounting return). (Set up formula) c) Compute the Net Present Value using a discount rate of 22%

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