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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Business Analytics

ISBN: 9781292095448

2nd Global Edition

Authors: James R. Evans

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