Hiram is a computer engineer and, while unemployed, invents a switching device for computer networks. he patents the device, but does not reduce it to practice. hiram has a zero tax basis for the patent. in consideration of $800,000 plus a $1 royalty per device sold, hiram assigns the patent to a computer manufacturing company. hiram assigned all substantial rights in the patent. which of the following is correct? a. hiram automatically has long-term capital gain from the lump sum payment, but not from the royalty payments. b. hiram automatically has long-term capital gain from the royalty payments, but not from the lump sum payment. c. hiram automatically has long-term capital gain from both the lump sum payment and the royalty payments. d. hiram does not have automatic long-term capital gain from either the lump sum payment or the royalty payments.