"An eternal patent contract states that the patentee will pay the patentor a fee of $1.5 million next year. The contract terms state a fee "growth with the inflation rate, which runs at 2% per annum. The appropriate cost of capital is 14%. What is the value of this patenting contract? $12,500,000 - " $10,700,000 - "\$9,000,000" Cannot be determined