10. What is the Present Value given the following information End of year Year APR 5% 5% 5% CFs $100 $200 $200 $100 $300 $400 $400 8% 8% a. 1124 b. 1294 c. 1424 d 1524 11. Assume that you will receive $2,000 a year in Years 1 through 5, $3,000 a year in Years 6 through 8, and $4,000 in Year 9, with all cash flows to be received at the end of the year. If you require a 14 percent rate of return, what is the present value of these cash flows? a 9,851 b. $13,250 c. $11,714 d. $15,129 e. $17,353 12. If a 5-year ordinary annuity has a present value of $1,000, and if the interest rate is 10 percent, what is the amount of each annuity payment? a. $240.42 b. $263,80 c. $300.20 d. $315.38 e. $346.87