Year -->,1,2,3,4,5 Sales,700,900,1200,1600,2200 OPR,75,105,130,200,280 Royalty,60,36,48,64,88 "Discount Factor,10%",0.9091,0.8264,0.7531,0.6830,0.6209 Discounted OPR,68.2,86.8,97.7,136.6,173.9 Discounted R,54.5,29.8,36.1,43.7,54.6