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Caerus Pharmaceuticals incurred the following costs in year 1 related to a new cancer drug: Research for a new formula - wages $ 3 ,

Caerus Pharmaceuticals incurred the following costs in year 1 related to a new cancer drug:
Research for a new formula -wages $ 3,000,000
Research for a new formula lab costs 3,475,000
Development of a new formula wages 2,800,000
Development of a new formula production tests 1,800,000
Legal and filing fees for a patent for the new formula 100,000
The project was successfully completed and the new drug was patented before the end of year 1 fiscal year. Calculate the amount of research and development expense Caerus should repo (Suck between 9.275 and 11.075)

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