Please give answer in 3 decimal places and show how to input in excel or financial calculator

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 $5 million in its first year and that this amount will grow at a rate of 4% per year for the next 1 7 years. Once the patent expires other pharmaceutical con anes i be a to produce he same drug and o pe on wil like d e ro s ze n hat s he ese value the new drug if the interest rate is 1 1% per year? of The present value of the new drug is mllion (Round to three decimal places.)