1. Find the present value of each of the following cash flows. Assume that an 8% interest rate is appropriate for all discounting. (3 points each) a. $170,000 at the end of five years PmTa PV-115, 694.14 Fv = 170,000 [IY: 8% N = C b. $11,200 at the end of each year forever 11,200 Pv = 08 140,000 c. $11,200 at the beginning of each year forever 11,200 Puz 08 +11,200 = 151, 200 d. $6,500 at the end of the year increasing by 4% a year forever Py- 6500 108-104 6500 = 162,500