You 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 $$240,000.$ Assume a discount rate of $6\%$

compounded annually. What is the value today of discovering the medical device, assuming you sell it for $$240,000$ in $($a$)$ two

years, $($b$)$ three years, or $($c$)$ four years?

Note: Use tables, Excel, or a financial calculator. Round your answers to $2$ decimal places. $($FV of $$1,$ PV of $$1,$FVA of $$1,$

and PVA of $$1)$