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Dr. Patriot has been working on an advanced technology for the US military. The technology is expected to be available to the military 3 years
Dr. Patriot has been working on an advanced technology for the US military. The technology is expected to be available to the military 3 years from today and will generate annual income of $500,000 three years from now and it will grow at 5 percent perpetually starting that year. What is the present value of the technology if interest rate is 8 percent? $16,666,666.67 $15,432,098.77 $14,288,980.34 $13,230,537.35 $5,358,367.63
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