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Solve for both please and follow the clear rounding instructions (: Thank you! Question Help XP 4-29 (similar to) You work for a pharmaceutical company

Solve for both please and follow the clear rounding instructions (: Thank you!
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Question Help XP 4-29 (similar to) You work for a pharmaceutical company that has developed a new drug. The patent on the drug wil last 17 years. You expect that the drug profits will be 53 million in its first year and that this amount will grow at a rate of 2% 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 10% per year? The present value of the new drug is 5 million. (Round to three decimal places.) What is the present value of the following set of cash flows, discounted at 14.9% per year? Year CF 1 $98 2 - $98 3 $196 -$196 The present value of the cash flow stream is (Round to the nearest cent.)

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