Over the next three years, a firm is expected to earn an economic profit of $900,000 in the first ye… Show more Over the next three years, a firm is expected to earn an economic profit of $900,000 in the first year, $800,000 in the second year, and $700,000 in the third year. After the end of the third year, the firm goes out of business. If the risk-adjusted discount rate is 11 percent for each of the next three years, the value of the firm is $____________. The firm can be sold today for a price of $____________> • Show less