Question: 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

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 36.00% royalty for
his effort. The company has projected the following sales over the next three years.
The designer has a 7.00% personal discount rate. What is the present value of his contract today?
A software designer has been asked to build a few apps

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