Homework: Homework 2 - Ch 3 & 4 Score: 0 of 1 pt 11 of 13 HW Score: 64.25, 9 of 14 pes completely Assigned Med Question P 4-29 (book/static) You won for a pharmaceutical company that has developed a new drug. The point on the drug willst 17 years. You spect that the drug's profs will be $2 million in its first year and that this amount will grow at a real per year for the 17 years. Once the parent expires, other pharmaceutical companies will be able to produce the same drug and competition will likely drive profits to 200 What is the present value of the new drug ther e is 10 per year The present value of the new drugi milion (Round to three decimal places) All parts showing Search or type URL 7 8 9 0 3 4 5 6 Q WE R T Y u op