Question: 33) You develop a new battery technology. Because this a new technology you do not anticipate any cash flow from the business in the first

 33) You develop a new battery technology. Because this a new

33) You develop a new battery technology. Because this a new technology you do not anticipate any cash flow from the business in the first year, though you anticipate in the second year you will generate cash flow of $305,000 and this will grow at 4% forever. Assuming a discount rate of 10%, what is the technology worth today? (3pts)

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