Answer questions ( 1, 2, 7, and 8) only

13 Estimating Cash Flow-New Project Analysis The Lazy Mower: Is It Really Worth It? If there was one thing the folks at Innovative Products Inc. (IPI) knew well, it was how to come up with useful and unique products in the midst of economic adversity. With current year revenues considerably lower and profit margins shrinking due to severe price competition, the firm's engineers had been pushed really hard to develop a prototype of a useful, and hopefully, highly profitable "unique" product. Then, last month, the design team unveiled a fully-tested prototype of their latest innovation, the "remote-controlled" lawn mower, nick-named the "The Lazy Mower." urveys of retailers and customers, conducted by the marketing department, indicated that demand would be excellent, provided the price was lower th phases took almost 3 years and the final product passed various home an a riding lawn mower. The testing and development all safety hazard tests with flying colors. After the unveiling, the product was exhibited at shows nationwide and received raving reviews. Full