A Pharmaceutical manufactuer has projected net profits for a new drug that is being released to the market over the next five years: Use a spreadsheet to find the net present value of these cash flows for a discount rate of 3%.

Year Net Profit

1 $(300,000,000)

2 $(145,000,000)

3 $50,000,000

4 $125,000,000

5 $530,000,000