Question 1 1 pts "A corporation is trying to decide whether to buy the patent for a product designed by another company. The decision to buy will mean an investment of $9.3 million. and the demand for the product is not known. If demand is light, the company expects a return of $1.46 million each year for the rst three years and no return in the fourth year. If demand is moderate, the return will be $2.9? million each year for four years, and high demand means a return of $4.59 million each year for four years. It is estimated the probability of a high demand is 0.43. and the probability of a light demand is 0.11 The rm's interest rate is 15.3%. Calculate the expected present worth of the patent. Express your answer in millions of dollars. For example, if the answer is $12.3 million. enter 12.3. (All gures represent after-tax yalues.l"