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Current Attempt in Progress Carla Vista Company purchases a licence from Redo Industries for the right to manufacture and sell products using Redo's processes

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Current Attempt in Progress Carla Vista Company purchases a licence from Redo Industries for the right to manufacture and sell products using Redo's processes and technologies. Carla Vista estimates it will earn $3,500 per year from this licence over the next 10 years (at the end of each year). Assume Carla Vista uses 7% as the discount rate. What is the value in use to Carla Vista of this licence? (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answer to 0 decimal places, eg. 5,275) Click here to view Table A4-PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 The value in use $

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