Question: Redbird Electronics is thinking about purchasing an in-process R&D project that will require 3 years to complete. Once the project is completed, this technology is

 Redbird Electronics is thinking about purchasing an in-process R&D project that

Redbird Electronics is thinking about purchasing an in-process R&D project that will require 3 years to complete. Once the project is completed, this technology is expected to generate $100,000 in income each year for the next 20 years. Assuming a 11% discount rate, how much should Redbird be willing to pay for this in-process R&D

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