Should he be willing to sell out his future rights

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"Red" Herring will receive $11,000 a year for the next 18 years as a result of his patent. At present, 9 percent is an appropriate discount rate.

a) Should he be willing to sell out his future rights now for $100, 000?

b) Would he be willing to sell his future rights now for $100,000, if the payments will be made at the beginning of each year?

Reference no: EM131810906

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