Problem
More Tech Drilling is considering the sale of its Alaskan subsidiary to another company. The subsidiary is expected to produce profits of $800,000 next year, which drops by $50,000 per year for the following 14 years. If More Tech's interest rate is 12%, what price should More Tech charge for the subsidiary?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.