XYZ Manufacturing Company License Offer The president of XYZ Manufacturing Company in Buffalo, New York comes to you with a license offer from a company in Osaka. The president of XYZ Manufacturing Company has been approached by a company in Japan that wants to use their patents and know-how. In exchange for using this technology, the Japanese company is willing to pay a license fee to XYZ Manufacturing Company. The fee will be calculated as 5 percent of the ex-factory price of each product that the Japanese company sells