If I invest $30 million dollars in R&D for a new machine and If I conduct the
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If you invest in R&D, you estimate that it will take 3 years to know whether the machine is successful or not. What is the NPV of the R&D investment?
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Making Hard Decisions with decision tools
ISBN: 978-0538797573
3rd edition
Authors: Robert Clemen, Terence Reilly
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