Remington Entity (RE) Developed a Patent in Waffle Making

Multiple Choice

Remington Entity (RE) developed a patent in waffle making. The patent is completely unique. Flap Jack & Jill Entity (FJJE) violated the patent and RE sued FJJE. RE's lawyers are optimistic that they will win and that the winnings will be $80,000 in three years. RE has a discount rate of 10 percent. How much of a contingent asset is RE allowed to recognize at this time?

A) $80,000
B) $60,015
C) $0
D) none of the above