Describe why should the company buy the patent

Reference no: EM13235580

A company is now licensed to manufacture a patented tool on which the patent has only 7 more years to run. The company makes 7500 copies of the tool each year and pays the inventor $100 per year plus $0.05 per tool produced. Now the inventor has offered to sell the patent to the company for $3000. If a return of 6% is desired on the investment, should the company buy the patent?

Reference no: EM13235580

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