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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 clinical 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 clinical trials, obtain FDA approval, and sell to a buyer for $250.000. Assume a discount rate of 7% compounded annually. What is the value today of discovering the medical device, assuming you sell it for $250,000 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)

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