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What is the expected value of the licensing arrangement to LAB? Assume a 5% royalty fee on any cash flows that Merck received from Davanrik

What is the expected value of the licensing arrangement to LAB? Assume a 5% royalty fee on any cash flows that Merck received from Davanrik after a successful launch. Note that these 5% royalty fees have already been deducted from the commercialization present values used in Task 1.

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