a manufacturer offers an inventor thechoice of two contracts for theex
A manufacturer offers an inventor thechoice of two contracts for theexclusive right to manufacture andmarket the inventor's patented design.Plan 1 calls for an immediate singlepayment of $57,162. Plan 2 calls for anannual payment of $1,709 plus aroyalty of $4.66 for each unit sold. Theremaining life of the patent is 10 years.MARR is 10% per year. What must be the uniform annual sales to make Plan 1 and Plan 2 equally attractive?
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