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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 years. The contract for this transaction stipulates that Whispering Winds pays Pharoah $ at the end of each year for the use of this technology. Using a discount rate of what is the value in use of the patented manufacturing technology? For calculation purposes, use decimal places as displayed in the factor table provided. Round final answer to decimal places, eg
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