The total cost associated with development and approval for a new prescription drug was estimated to be $$2\mathrm{.}3$ million in $2013.$ Costs

are expected to increase $11\mathrm{.}0\%$ each year through the year $2020.$ Find the uniform series equivalent to the given geometric series over

the $8$ year period with a $6\mathrm{.}0\%$ discount rate. $($Assume end of year cash flows.$)$

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million