can you answer it on excel and show me the formula sheet on how can i answer it in excel

3) A pharmaceutical company will spend $2,000,000 each year for 3 years to develop a new drug (years 0, 1, 2). After that (starting year 3), they will earn $800,000 in profits per year for the next 10 years before the patent runs out. Once the patent is gone they do not expect to earn any additional profits off this drug. If future payments are discounted using an 11% interest rate (compounded annually), is this new drug a profitable venture