Pat Dorsey has explained the discounted cashflow later in this book. Keep reading is my suggestion.
Because future brings unpredictability and inflation, and you should charge for it like bank does to cover NPA and inflation.
What if you change your company? (unpredictability)
What if your manger changes? (unpredictability)
What if you needed to attend some funeral? (inflation)
What if you need to attend your sister wedding? (inflation)
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