7.) Find the Present Value (PV) of the following Cash In-flows, and the Net Present Value (NPV) of the entire series of Cash Flows.

CF0 -400000

CF1 45000

CF2 45000

CF3 45000

CF4 75000

CF5 75000

CF6 75000

CF7 75000

CF8 100000

CF9 100000

CF10 75000

P.V.?

N.P.V.?

If the timing of the cash inflows were reversed, in other words if CF 10, were CF 1 and CF 9 were CF 2 and so on, would you expect the PV and NPV to be larger or smaller?