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Your company is looking at designing a new app for college students to keep track of everything they need for their student organization participation. The

Your company is looking at designing a new app for college students to keep track of everything they need for their student organization participation. The app will cost $6,000,000 upfront (year 0) to develop and $500,000 per year for marketing, cloud storage, and data privacy management. Of course, students are not willing to pay much for this app, but the company thinks they would pay $10 per year for convenience. If this product sells for the next 5 years, how many students per year due they need to subscribe in order to breakeven with their Cost of Capital of 20% which is the return required by the venture capital firm? Please use excel and show equations

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