A company spent the following on new product development last year:
Product #1: $500,000
Product #2: $1,300,000
Product #3: $750,000
Product #4: $200,000
Product #5: $600,000
What was the average amount per product the company spent on product development last year?
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A company spent the following on new product development last year:
Product #1: $500,000
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