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1. Which of the following cash flows has the highest present value (PV) at a 15 percent discount rate? a. $1,150 received one year from

1. Which of the following cash flows has the highest present value (PV) at a 15 percent discount rate?

a. $1,150 received one year from today

b. $2,000 received 5 years from today

c. $200 received every year (at the end of the year) for 10 years

d. $300 received every year (at the end of the year) for 5 years

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