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Use the Present value formula to calculate the present dollar value of the given future return on investment to answer the following two questions: A
Use the Present value formula to calculate the present dollar value of the given future return on investment to answer the following two questions:
A pharmaceutical company is evaluating an investment opportunity in the development of a new drug. Development will require an initial investment cost of $ The drug will generate profit equal to $ only after years.
a If current interest rate were should the drug company invest in the development of the new drug? Explain points
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