$\mathrm{.}5338$ and entered as $53\mathrm{.}38).$

Gross profit percentage: $76\mathrm{.}42\%$

Year $1$

Cash received: $ $$

Recognized gain: s $$

After$-$tax cash proceeds: $ $42,358$

Cash proceeds compounded for $2$ years: $ $$

Year $2$

Cash received: $ $51,520$ X

Tax on imputed interest: $ ${\displaystyle \underset{\phantom{}}{\overset{\phantom{}}{}}}x$

Sale proceeds in year $2$:$ $50,624$ X

Taxable gain in year $2$:$ $38,210x$

Total future value: $$

Should Floyd accept the cash sale or installment sale?

Because the future value of the after$-$tax results are practically the same $,$ Floyd would probably prefer to take the cash sale $.$

$$

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