An Australian- Based Energy Drink Manufacturer Plans to Expand Its

Short Answer

An Australian- based energy drink manufacturer plans to expand its international markets to the untapped East- Asian region. The company expects that the expansion will bring additional net income of $30 million in the first year of the operation and amounts increasing by $4.5 million for the next 8 years. What is the annual equivalent amount of the net income at an interest rate of 13% per year?