Prior to the economic crisis of 1997-1998, the South Korea's "chaebol" had become bloated and heavily in debt

Bill Jones has just won the state lottery and has the following three payout options for after-tax prize money

1. $170,000 per year at the end of each of the next six years 2. $312,000 (lump sum) now 3. $508,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the first option. (Round your answer to the nearest whole dollar.) Present value of an ordinary annuity of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 4 3.312 3.240 3.170 5 3.993 3.890 3.791 6 4.623 4.486 4.355 7 5.206 5.033 4.868 Present value of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 0.857 0.842 0.826 3 0.794 0.772 0.751 4 0.735 0.708 0.683 5 0.681 0.650 0.621 6 0.630 0.596 0.564 7 0.583 0.547 0.513 A) $850,000 B) $762,620 C) $482,000 D) $457,251

Describe the factors that should be considered in developing new products for international markets with particular emphasis on the consequences for not adequately testing new products

What will be an ideal response?