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ou believe you have discovered a new medical device. You anticipate it will take additional time to get the device fully operational, run clinical trials,
ou believe you have discovered a new medical device. You anticipate it will take additional time to get the device fully operational, run clinical trials, obtain FDA approval, and sell to a buyer for $ Assume a discount rate of compounded annually. What is the value today of discovering the medical device, assuming you sell it for $ in a two years, b three years, or c four years? FV of $ PV of $ FVA of $ and PVA of $Use tables, Excel, or a financial calculator. Round your answers to decimal places.
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