a)

b)

c)

FUF+,=(1+i)4 Crane Company signs a contract to sell the use of its patented manufacturing technology to Pronghorn Corp. for 17 years. The contract for this transaction stipulates that Pronghorn pays Crane $18,000 at the end of each year for the use of this technology. Using a discount rate of 9%, what is the value in use of the patented manufacturing technology? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Value in use $ Crane Company is considering an investment that will return a lump sum of $475,0005 years from now. What amount should Crane pay for this investment in order to earn a 6% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Amount to pay for this investment If Carol Dahl invests $3,443 now, she will receive $9,500 at the end of 15 years. What annual rate of interest will Carol earn on her investment? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 0 decimal places, e.g. 52\%.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Rate of interest