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just need this one question answered (both pictures are the same just needed to upload a more clear picture THE QUESTION IS: you work for
just need this one question answered (both pictures are the same just needed to upload a more clear picture
THE QUESTION IS:you work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 17 years. you expect that the drugs profits will be 3 million in its first year and that this amount will grow at a rate of 6% per year for the next 17 years. Once the patent expires, other pharmaceutical companies will be able to produce the same drug and competition will likely drive profits to zero. what is the present value of the new drug if the interest rate is 8% per year? THE PRESENT VALUE OF A NEW DRUG IS $__ MILLION. (ROUND TO THREE DECIMAL PLACES.) Smith 0219 Homework Homework 4 (Chapter 4) Question 13, P4-25 m. HW Bore 527N, 11.044 Save UUDET Alichunktas promed you 55,000 year from today in addition cach year, the hard you to earsary of the man gern the other Onsity for 20 years, giving a tal of 20 brain is what is horromised The previous prome Round the nearest dolar)
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you work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 17 years. you expect that the drugs profits will be 3 million in its first year and that this amount will grow at a rate of 6% per year for the next 17 years. Once the patent expires, other pharmaceutical companies will be able to produce the same drug and competition will likely drive profits to zero. what is the present value of the new drug if the interest rate is 8% per year?
THE PRESENT VALUE OF A NEW DRUG IS $__ MILLION. (ROUND TO THREE DECIMAL PLACES.)
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