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The Biological Insect Control Corporation ( BICC ) has hired you as a consultant to evaluate the NPV of its proposed toad ranch. The company

The Biological Insect Control Corporation (BICC) has hired you as a consultant to evaluate the NPV of its proposed toad ranch. The company plans to breed toads and sell them as ecologically desirable insect control mechanisms. They anticipate that the business will continue into perpetuity. Following the negligible start-up costs, the company expects the following nominal cash flows at the end of the year:
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