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Approximately 14 milion Americans are addicted to drugs and alcohol. The federal government estimates that these addicts cost the US econorry $300 billion in medical

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Approximately 14 milion Americans are addicted to drugs and alcohol. The federal government estimates that these addicts cost the US econorry $300 billion in medical expenses and last productivity. Despite the enormous potential market, mony biotech companies. have shied away from funding research and development (R\&D) initiatives to find a cure for drug ond alcohol addiction. Your firm Drug Abuse Sciences (DAS) - is a notable exception, it has spent $200 million to dote working on a cure, but is now at a crosstoads, it can either abandon its program or invest another $60 million today. Unfortunotely, the firm's opportunity cost of funds is 5 percent and it wili take another five years before final approval from the Federal Drug Administration is achieved and the product is actually sold Expected (year-end) profits fromselling the drug aro presented in the accompanying table. What is the net present value of the project? Instructions: Enter your response rounded to the nearest penny (two decimal places). Use a negative sign (-) where oppropri 5 Should DAS continue with its plan to bring the drup to market, or should it abandon the project

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