Question: A New Product Development team is working on an Uber or Lyft version using motorcycles for big and crowded US cities. There are almost 16,000

A New Product Development team is working on an Uber or Lyft version using motorcycles for big and crowded US cities. There are almost 16,000 cabs in NYC and daily fares average $150. In addition, the T&L Commission estimates that as many as 54,000 Ubers, Lyfts and other vehicles for hire work in the city every day. If we were to calculate that "MotoTaxis" could chip away from yellow cabs, Uber, Lyft and others a 5% market share that averages the four seasons, which of the following would be the correct revenue estimate for a typical year?

Group of answer choices

$ 147,825,000

$ 43,800,000

None of the above is correct

$ 191,625,000

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