Question: Alexander Chavez is a software engineer, and developed a new software which can be used for networking. GRANT NETWORK Inc. wants to incorporate Chavezs software

Alexander Chavez is a software engineer, and developed a new software which can be used for networking. GRANT NETWORK Inc. wants to incorporate Chavezs software into its networking systems and offered $575,000 today, plus $550,000 at the end of each of the following seven years for permission to do this. If the appropriate interest rate is 7.5 percent, what is the present value of the cash flow stream that GRANT NETWORK is offering to Alexander?

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