If Joe Doe invests $40,000 in franchise and is able to generate $20,000 a year in benefits for 8 years, the following holds true:

The 20,000 received in year 8 is worth more than the 20,000 received in year 4.

The 20,000 received in year 1 is worth less than the 20,000 received in year 3.

The 20,000 received in year 2 is worth more than the 20,000 received in year 5.

None of the above.