Question: 9. A software designer has been asked to build a few apps for a start-up company. The company can't pay him a salary but rather

9. A software designer has been asked to build a few

9. A software designer has been asked to build a few apps for a start-up company. The company can't pay him a salary but rather will pay him a commission on sales of the smart phone apps that he writes. He will get a 37.00% royalty for his effort. The company has projected the following sales over the next three years. The designer has a 8.00% personal discount rate. What is the present value of his contract today? A. $39,357.32 B. $39,457.32 C. $39,557.32 D. $39,657.32 E. $39,757.32

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