Question: you work for a pharmaceutical comapny that developed a new drug. The patent on the drug will last 17 years . You expect the profits

you work for a pharmaceutical comapny that developed a new drug. The patent on the drug will last 17 years . You expect the profits to be 1 million in its first year and that the amount will grow 2% for the next 17 years. the present value is if the interest rate is 11% ?

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