19. Assuming a discount rate of 8%, a cash flow of $1.00 two years from now (T=2) __ a. is worth about 16.6% less than a $1.00 cash flow received today (T=0) b. is worth about 14.3% less than a $1.00 cash flow received today (T=0) c. is worth about 13.0% less than a $1.00 cash flow received today (T=0) d. is worth about 85.7% more than a $1.00 cash flow received today (T=0) e. is worth about 87.0% more than a $1.00 cash flow received today (T=0) Use the following information about Company Y to help answer problems 20-22. Today (T=O), Company Y proposes to invest in project 1 or project 2 The appropriate discount rate is 8.0% Each project's cash flows are forecasted below Project 1 Project 2 T=0 $ (340) $ (400) T=1 $ 80 $ 85 T=2 $ 80 $ 90 T=3 $ 80 $ 95 T=4 $ 80 $ 100 T=5 $ 80 $ 105 T=6 $ 80 $ 110 20. The discounted payback period for Project 1 is closest to: a. 51 months b. 53 months c. 63 months d. 65 months e. 67 months