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You believe you have discovered a new medical device. You anticipate it will take additional time to get the device fully operational, run clipical trials,

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You believe you have discovered a new medical device. You anticipate it will take additional time to get the device fully operational, run clipical trials, obtain FDA approval, and sell to a buyer for $600,000. Assume a discount rate of 7% compounded annually. What is the value today of discovering the medical device, assuming you sell it for $600,000 in (a) two years, (b) three years, or (c) four years? (EV of $1, PV of \$1, EVA of $1, and PVA of \$1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decim (cuor years

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