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You won for a pharmacecal company that has developed a new drug. The patent on the drug willst 17 years. You expect that the drug

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You won for a pharmacecal company that has developed a new drug. The patent on the drug willst 17 years. You expect that the drug profits wil be 54 milion in its first year and that the amount wil grow at a rate of 2% per year for the next 17 year Once the patent pret other pharmaceutical companies will be able to produce the same drug and competition will oly drive profits to zero What is the present value of the new on the interest rates per year me procent value of the new druge 51 mihon (Round to tredecimal places)

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