Homework: Chapter 13 Homework Save Score: 0 of 1 pt 1 of 6 (0 complete) HW Score: 0%, 0 of 6 pts P13-1 (similar to) Question Help Black III (Related to Checkpoint 13.1) (Calculating expected revenues) The owner of the Petreno Pharmaceutical Company is evaluating the expected annual sales for a new line of facial care products and estimates that there is a 54 percent chance that the product line will be extremely successful, in which case it will generate sales next year of 7.8 million. However, since the new product line has a unique appeal that will require substantial advertising by its manufacturer to gain consumer acceptance, there is a 46 percent chance that revenues for next year will be modest 1.2 million. What is the expected level of revenues for the new product line? The expected total revenue for the new line of products is million. (Round to two decimal places.) ALL QU Q: A: Q: A: Enter your answer in the answer box and then click Check Answer. ? All parts showing Clear All Check