Question: Modify Acrons model so that development lasts for an extra year. Specifically, assume that development costs of $7.2 million and $2.1 million are incurred at
Modify Acron’s model so that development lasts for an extra year. Specifically, assume that development costs of $7.2 million and $2.1 million are incurred at the beginnings of years 1 and 2, and then the sales in the current model occur one year later, that is, from year 2 until year
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