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must use Excel. please show work/equations used. Johnson and Johnson has spent $10,000,000 in fast development of their cancer treatment. They are trying to determine

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must use Excel. please show work/equations used.

Johnson and Johnson has spent $10,000,000 in fast development of their cancer treatment. They are trying to determine if it going to be profitable. They see 3 possible outcomes: Scenario 1: 10% Chance that the can treatment testing isn't successful and they recover no investment. Scenario 2: 30% chance that their treatment is successful in some cases and they make an annual profit of $2,000,000 per year for 8 years, or Scenario #3: 60% chance that their treatment is highly successful and they make an annual profit starting at $3,000,000 and increasing by 5% per year. What is the Expected NPV of this project at a 15% MARR and 8-year project life? 3

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