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PLEASE EXPLAIN David just inherited the family business, and having no desire to run the family business, he has decided to sell it to an

PLEASE EXPLAIN

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David just inherited the family business, and having no desire to run the family business, he has decided to sell it to an entrepreneur. In exchange for the family business. David has been offered an immediate payment of $32,000. David will also receive payments of $10,000 in one year, $20,000 in two years, and $15,000 in three years. The current market rate of interest for David is 6%. Draw a timeline detailing David's cash flows from the sale of the family business

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