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imes Innovations, Inc., is negotiating to purchase exclusive rights to manufacture and market a solar-powered...

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Accounting

imes Innovations, Inc., is negotiating to purchase exclusive rights to manufacture and market a solar-powered toy car. The car's inventor has offered Simes the choice of either a one-time payment of $2 comma 900 comma 000 today or a series of 10 year-end payments of $395 comma 000.

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