Expected level of revenues for the new product? line

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(Calculating expected? revenues) The owner of the Petreno Pharmaceutical Company is evaluating the expected annual sales for a new line of facial care products and estimates that there is a 5252 percent chance that the product line will be extremely? successful, in which case it will generate sales next year of 8.28.2 million.? However, since the new product line has a unique appeal that will require substantial advertising by its manufacturer to gain consumer? acceptance, there is a 4848 percent chance that revenues for next year will be a modest 1.41.4 million. What is the expected level of revenues for the new product? line?

Reference no: EM131616612

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