16. Which of the following two streams of cash flows produces a higher Present Value? Assume a discount rate of 8.60%. Cash Flow A -$100 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 a) Cash Flow A b) Cash Flow B $22 $21 $24 $26 $29 $115 $0 $0 $0 $0 Cash Flow B -$73.5m $11m $15m $6m $19m $22m $22m $22m $22m $22m $90m

6. Which of the following two streams of cash flows produces a higher Present Value? Assume a discount rate of 8.60%. a) Cash Flow A b) Cash Flow B