Axon expects the approval process will take 7 years to complete Their projections are as follows Phase 1 will take 2 years, cost $10 million, and have a 60 probability of success Phase 2 will take 2 years, cost $60 million, and have a 50 probability of success Phase 3 and regulatory review will take 3 years, cost $150 million, and have a 70 probability of success They assume a discount rate of 30 , 20 , and 15 per year for each of these phases, respectively Under these assumptions, what is Axon's rNPV ( Note Your answer should be expressed in units of millions of dollars ) 2486 15 million NPV to start with

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Question: Axon expects the approval process will take 7 years to complete. Their projections are as follows: Phase 1 will take 2 years, cost $10 million,

Axon expects the approval process will take 7 years to complete. Their projections are as follows:

Phase 1 will take 2 years, cost $10 million, and have a 60% probability of success.
Phase 2 will take 2 years, cost $60 million, and have a 50% probability of success.
Phase 3 and regulatory review will take 3 years, cost $150 million, and have a 70% probability of success.

They assume a discount rate of 30%, 20%, and 15% per year for each of these phases, respectively. Under these assumptions, what is Axon's rNPV? (Note: Your answer should be expressed in units of millions of dollars.)

2486.15 million NPV to start with

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