Final answer:
The company will incur a loss of $1,000,000.00 if it ships the new product two quarters late.
Step-by-step explanation:
To calculate the loss incurred by the company for shipping a new product two quarters late, we need to calculate the sales the company will miss out on during those two quarters. Given that the product has a lifetime of three years and the maximum expected sales are $2,000,000.00 in the fourth quarter, we can calculate the sales for each quarter by dividing the maximum expected sales by the number of quarters. In this case, the sales for each quarter would be $2,000,000.00 / 4 = $500,000.00. Since the product will be shipped two quarters late, the company will lose out on $500,000.00 * 2 = $1,000,000.00 in sales.