$1$ Problem $13\mathrm{.}15($Algo$)$ Discount rate and timing $[$LO$13-1]$

a$.$ Fill in the following table from Agpendix B$.$

Note: Round your answers to $3$ decimal places.

b$.$ Does the choice between a low or a high discount rate have a greater impact on short$-$term or long$-$term cash flows?

Long$-$term

Short$-$term