<page_title> Royalty rate assessment </page_title> <section_title> The 'Present Value' method of capitalizing flows </section_title> <table> <cell> 2 <row_header> 1 </row_header> </cell> <cell> 0.8264 <col_header> 2 </col_header> <col_header> 900 </col_header> <col_header> 105 </col_header> <col_header> 36 </col_header> <row_header> 0.9091 </row_header> </cell> </table>
$0.8264 is the PV for two years at the 10% rate.