2) Assume cash flows at the end of years 1,2,3,4 and 5 are $100,$300,$400,$500 and $10, respectively. The relevant interest rates (or discount rates) for different periods are: Y ear 1:10% Year 2: 5\% Year 3:10% Year 4:12% Year 5: 11\% What is the present value of these cash flows? Show your work. 3) Let us assume Project A has cash flows of $2,000,+$200,+$3,700 and Project B has cash flows of $2,000,+$2,000 and +$1,480. The two projects differ only in the timing of the cash inflows; their initial outlays and overall lives are similar. Both have a required rate of retum of 9% per annum. Which project should be chosen and why? Show your work