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Dr. Fatima has been working on an advanced technology in laser eye surgery. The technology is expected to be available to the medical industry six

Dr. Fatima has been working on an advanced technology in laser eye surgery. The technology is expected to be available to the medical industry six years from today and will generate annual income of $600,000 six years from now and it will grow at 4 percent perpetually starting that year. What is the present value of the technology if interest rate is 12 percent?

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