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What is the value in use of the patented manufacturing

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Reference no: EM132643319

Wildhorse Co. signs a contract to sell the use of its patented manufacturing technology to Swifty Corporation for 15 years. The contract for this transaction stipulates that Swifty Corporation pays Wildhorse $19,500 at the end of each year for the use of this technology.

Question 1: Using a discount rate of 10%, what is the value in use of the patented manufacturing technology?  (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.)

Reference no: EM132643319

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