Which of the following two cash flow scenarios (Z1 and Z2) is better from a PW point

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Which of the following two cash flow scenarios (Z1 and Z2) is better from a PW point of view, and which is better from a PBP (nondiscounted and discounted) point of view? Use a 10% per annum interest rate for the calculations. Comment on why the comparison turns out the way it does.

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