Blossom Company purchases a licence from Redo Industries for the right to manufacture and sell prodcts using Redo's processes and technologies. Blossom estimates it will earn $6,300 per year from this licence over the next 10 years (at the end of each year). Assume Blossom uses 6% as the discount rate. What is the value in use to Blossom of this licence? (Round present value foctor calculations to 5 decimal places, es. 1.25124 and the final answer to 0 decimal places, es. 5,275.) Click here to view Table A 4 - PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 The value in use Ivanhoe Company issues a 6-year, 8% mortgage note on January 1,2023, to obtain financing for new equipment. The terms provide for semi-annual instalment payments of $112,960. What were the cash proceeds received from the issue of the note? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, eg. 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. Cash proceeds