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The organization that you manage has already invested $7 million in developing a new service, but the development is not quite finished. In order to

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The organization that you manage has already invested $7 million in developing a new service, but the development is not quite finished. In order to start delivering services to clients, your organization will need to spend an additional $1 million for development and production. You learn at a meeting that the introduction of competing services has reduced the expected sales of your new service to $3 million. Should you go ahead and complete the development of the new service? Explain your reasoning. What is the most that you should pay to complete the development of the new service

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