The market is moving fast and the product will be closed


New Tech has a new product that has incurred R&D expenses of $375,000. An additional $500,000 is needed if the product is to proceed. Initial sales will be $50,000 per month, and they will increase by $5000 per month. The market is moving fast, and the product will be closed out in 2 years. What is the new product's IRR for deciding whether to proceed?

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Business Economics: The market is moving fast and the product will be closed
Reference No:- TGS02604565

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