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was given the answer by another chegg expert to be 15.098 but it was incorrect You work for a pharmaceutical company that has developed a

was given the answer by another chegg expert to be 15.098 but it was incorrect
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You work for a pharmaceutical company that has developed a new drug The patent on the drug wil last 17 you. You expect that the drug profits wil te linister and that mattwil growtoper year for the next 17 years. Once the patentes, other pharmaceutical companies will be able to produce the same drug and competition wel de profits to What is the owner 11 per year? The present value of the new drugie 16.000 milion Round to three decimal place

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