1. What is the present value of a cash flow of $1,000 in 10 years given an inflation rate of 5% ? $61.39 $620.92 $613.91 $62.09 2. A strategic advertising and branding campaign costs $25,000. It is estimated that sales will increase by 10% resulting in additional cash inflows of $15,000 for three years beginning in the year of the campaign. What is the NPV of the campaign project? The cost of capital is 8%, so the required rate of return is 8%. $45,000$20,000$11,904.72$15,466.01 3. An investment results in positive cash flows of $10,000 for 10 years. What is the present value of cash flow number eight if the required rate of return is 12% ? $9,828 $4,039 $8,928 $3,971