Business, 30.10.2020 16:50, hchxxhBfncndnd9319

Suppose a firm expects that a $20 million expenditure on R&D in the current year will result in a new product that can be sold next year. Selling that product next year would increase the firm’s revenue next year by $30 million and its costs next year by $29 million. Instructions: Enter your answer as a whole number. a. What is the expected rate of return on this R&D expenditure?

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Suppose a firm expects that a $20 million expenditure on R&D in the current year will result in...