What are the present value and equivalent annual amount for


Acme Miracle projects good things for their new weight lose pill, LoseIt. Revenues at the EOY 1 are expected to beta $2.1 million, and Acme believes they will increase 15% per year for the next 5 years (last revenue is received at the EOY are the EOY 5). What are the present value and equivalent annual amount for the anticipated revenues? Acme uses an interest rate of 20%.

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Financial Management: What are the present value and equivalent annual amount for
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