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Pharoah Company signs a contract to sell the use of its patented manufacturing technology to Whispering Winds Corp. for 1 7 years. The contract for

Pharoah Company signs a contract to sell the use of its patented manufacturing technology to Whispering Winds Corp. for 17 years. The contract for this transaction stipulates that Whispering Winds pays Pharoah $19,000 at the end of each year for the use of this technology. Using a discount rate of 10%, what is the value in use of the patented manufacturing technology? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g.5,275.25.)

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