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Company A in the US enters into a standard manufacturing license allowing Company B in Venezuela to use its IPRs for technology to make washing

Company A in the US enters into a standard manufacturing license allowing Company B in Venezuela to use its IPRs for technology to make washing machines and sell them in Venezuela. There is an up-front license fee of $100,000 and then Company A receives a 10% royalty on all sales (exclusive of sales taxes) generated by Company B. In the first year, those sales total $1,000,000, and the amounts actually collected from sales by Company B is $800,000. 


Given this information, what is the total amount of money payable by Company B to Company A under this license?  

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