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The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a recent meeting,
The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $4.5 million. If it would cost $3 million to finish development and make the product, you (should/ should not) go ahead and do so. The most you should pay to complete development is $_______ million.
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