AP-26A LO Blingalicious Ltd. is known for their customized jewellery. For the past decade, the company has been doing very well. The owner, Queenie Gold, is currently thinking of selling customized hair accessories. Queenie has provided the following information regarding the new product line Startup Costs Equipment Advertising $70,000 2.500 Additional Information: Annual Revenue Annual Expenses Labor Materials: Equipment Maintenance All revenues and costs are dealt in cash. 120,000 (50,000) 0.000 (10,000) Queenie expects to consistently generate income for the next four years Queenie requires a 9% rate of return for this particular product line 280 Capital Budgeting Required Create a spreadsheet to calculate the internal rate of return. al Determine (RR for this investment. Should Queenie invest in the new project? (4%) Hint: Create a table with the annual cash flows and use the IRR function Chapter 10 Create a spreadsheet to calculate the Net Present Value b) Should Queenie invest in the new product, if the NPV method is used instead? (-7806) Hint: calculate the Present Value of year 1 through 4 using the NPV function and subtract year 0 cash flow.... Describe one difference between the NPV and RR method. Create a spreadsheet to calculate the payback df Queenie decides to accept the project, how long will it take to recover her initial investment? (3.63)