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6. A pharmaceutical manufacturer has pojected net profits for a new drug that is being released to the market over the next five years: Year

6. A pharmaceutical manufacturer has pojected 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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