M agnea Media Question Help O Current Score: Attempts You work for a pharmaceutical company that has developed a new drug The patient on the drug will last 17 years. You expect that the dig profits will be its first year and that this amount will grow at a rate of 5% per year for the next 17 years. Once the parent exprescher pharmaceutical companies bee produce the same drug and competition will likely drive profits to zero. What is the present value of the new drug it the interest rate is 10% per year? The present value of the new drug is million (Round to three decimal places) million in This homeword View the medi