The manager for a growing firm is considering the launch of a new product. If the product goes directly to market, there is a 60 percent chance of success. For $179.000 the manager can conduct a focus group that will increase the product's chance of success to 75 percent. Alternatively, the manager has the option to pay a consulting firm $394,000 to research the market and refine the product. The consulting firm successfully launches new products 90 percent of the time. If the firm successfully launches the product, the payoff will be $194 miltion. if the product is a fallure, the NPV is zero. Calculate the NPV for each option avallable for the project. (Do not round intermediate calculations and enter your answers in dollors, not millions of dollars. rounded to the neorest whole number, e.9, 1,234,567) Which action thould the firm undertake? Consulting firm focus group Go to maket now