Approximately US economy $300 billion in medical expenses and lost productivity. Despite the enormous potential market, many biotech companies have shied away from funding research and development (R&D) initiatives to find a cure for drug and alcohol addiction. Your firm-Drug Abuse Sciences (DAS) - is a notable exception. It has spent $200 million to date working on a cure, but is now at a crossroads. It can either abandon its program or invest another $60 million today. Unfortunately, the firm's opportunity cost of funds is 5 percent and it will take another five years before final approval from the Federal Drug Administration is achieved and the product is actually sold. Expected (year-end) profits from selling the drug are presented in the accompanying table 14 million Americans are addicted to drugs and alcohol. The federal government estimates that these addicts cost the Yeat $12, Year 8 $20,700, 0 Year 1 Year 2 Year 3 Year4 Year Year 7 Year S s0 s0 $17.20 $22,450,000 What is the net present value of the project? Instruction: Enter your response rounded to two decimal places 60107 36 the drug to market, or should it abandon the project? Contnue