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 $100,000. Assume a discount rate of 5% compounded annually. What is the value today of discovering the medical device, assuming you sell it for $100,000 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, EVA of $1, and PVA of $1) Payment Amount Interest Rate Compounding Period Due Present Value B. $ 100,000 5% Annually 2 years b. 100,000 5% Annually 3 years P 100,000 5% Annually 4 years