Answer please

Question Holp (similar to) You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 17 years. You expect that the drug's profits will be 52 million an its first year and that this amount will grow at a rate of 2% per year for the next 17 years. Once the patont expires, other pharmaceutical companies will be able to produce the same drug and competition will likely drive profits to zero What is the present value of the new drug if the interest rate is 10% per year? The present value of the new drug is million (Round to three decimal placos.)