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5 pts) A company projects good things for their new product. Revenues this year are expected to be $1.1 million, and the company believes they

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5 pts) A company projects good things for their new product. Revenues this year are expected to be $1.1 million, and the company believes they will increase 12% per year for the next 5 years. What is the present value for the anticipated revenues? The company uses an interest rate of 15% $4,215,603.48 $4,538,762.80 $4,741,126.50 none of the above

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