A pharmaceutical manufacturer has projected net profits for a new drug that is being released to the
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A pharmaceutical manufacturer has projected net profits for a new drug that is being released to the market over the next five years:
Year Net Profit 1 $(300,000,000)
2 $(145,000,000)
3 $50,000,000 4 $125,000,000 5 $530,000,000 Use a spreadsheet to find the net present value of these cash flows for a discount rate of 3%.
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