The manager for a growing firm is considering the launch of a new product. If the

product goes directly to market, there is a $50$ percent chance of success. For $$175,000$

the manager can conduct a focus group that will Increase the product's chance of

success to $65$ percent. Alternatively, the managar has the option to pay a consulting firm

$$375,000$ to research the market and refine the product. The consulting firm

successfully launches new products $80$ percent of the time. If the firm successfully

launches the product, the payoff will be $$23$ million, If the product is a fallure, the NPV is

zero.

Calculate the MPV for each optlon avallable for the project. $($Do not round intermediate

calculations and enter your answers in dollars, not millions of dollars, e$.$g$.,1,234,567.)$