Mustard's Inc. sold the rights to use one of its patented processes that will result in cash receipts of $3,600 at the end of each of the next three years and a lump sum receipt of $5,100 at the end of the fourth year. The total present value of these payments if interest is at 9% is:
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Home » Business » Mustard's Inc. sold the rights to use one of its patented processes that will result in cash receipts of $3,600 at the end of each of the next three years and a lump sum receipt of $5,100 at the end of the fourth year.