A Moving to another question will save this response. Question 7 You work for a pharmaceutical company that has developed a new vaccine. The patent on the vaccine will last 10 the next 10 years. Once the patent expires, other drug companies will be able to produce the same vaccine and $9,247.60 million $7,657.95 million $3,553.13 million $5,691.89 million Close Window Question 7 of 12 0.666 points Save Answer he will last 10 years. You expect that the vaccine's profits will be $400 million in its first year and that this amount will grow at a rate of 7% per year for accine and competition will drive profits to zero. What is the value of the new vaccine if the interest rate is 8% per year compounded annually? MacBook Pro