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P 3-7: Northern Sun Inc. At the beginning of year 1, Northern Sun Inc., a food processing concern, is considering a new line of frozen

image text in transcribed P 3-7: Northern Sun Inc. At the beginning of year 1, Northern Sun Inc., a food processing concern, is considering a new line of frozen entrees. The accompanying table shows projected cash outflows and inflows. Assume that all inflows and outflows are end-of-period payments. Required: The company's cost of capital is 10 percent. Compute the following: a. Net present value. b. Payback

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