Manufacturer expects to generate additional revenue

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Reference no: EM13737913

A major electronics manufacturer expects to generate additional revenue from its recently won government contract. The company forecasts that the revenue will be $190 million in the first year, but will decline by $2 million every year for the next 3 years. What is the present value of total revenue at an interest rate of 18% per year?

Reference no: EM13737913

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