What is the present worth of the new product

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Reference no: EM132158698

Question: The net revenue for a new product will be $300K this year, and it will grow at 20% per year for 3 years. Then, it will begin dropping by 15% per year. After 7 years, there will be no demand. The first cost to complete design and tooling will be $950K. The interest rate is 10%. What is the present worth of the new product? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132158698

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