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11. Nam sold the rights to use one of its patented processes that will result in cash receipts of $3,000 at the end of each
11. Nam sold the rights to use one of its patented processes that will result in cash receipts of $3,000 at the end of each of the next four years and a lump sum receipt of $5,000 at the end of the fifth year. The total present value of these payments if interest is at 9% is. Choose the closest answer. A) $12.969 B) $11,468. C) $12,100. D) $10,699 PVA 996 4 3
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