A new product will cost $750,000 to launch. Expected profits are $150,000, $200,000, and $300,000 respectively in the first three years, and $250,000 in each of the next four years. If the company has a payback policy of five years, will the company undertake the new product launch?

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The Answer of A new product will cost $750,000 to launch. Expected profits are $150,000, $200,000, and $300,000 respectively in the first three years, and $250,000 in each of the next four years. If the company has a payback policy of five years, will the company undertake the new product launch?

A New Product Will Cost $750,000 to Launch