You wrote an app for smart phones. It is moderately successful. However, you just received an offer to buy it (and the
Posted: Wed Jul 06, 2022 6:27 pm
You wrote an app for smart phones. It is moderatelysuccessful. However, you just received an offer to buy it(and the code) so they can repackage it with an app of theirown. Since they hope to pay you with proceeds from theirnewly packaged app, they hope to pay you in installments. They are proposing to pay you 1 payments of $10,420 annually,starting when you sign the deal (today if possible). If youconsider your opportunity costs of money to be 7.26% peryear, what would be the present value of this dealif you sign the contract today? Please enter youranswer to the nearest penny.