a. What is the present value of the following set of cash flows, discounted at 10.9% per year? 1 3 4 5 Year CF 2 $16 $8 $24 $32 $40 b. What is the present value of the following set of cash flows, discounted at 10.9% per year? Year 1 3 5 2 $32 4 $16 CF $40 $24 $8 c. Each set contains the same cash flows ($8, $16, $24, $32, $40), so why is the present value different? a. What is the present value of the following set of cash flows, discounted at 10.9% per year? Year 2 4 CF $8 $16 $24 $32 $40 The present value of the cash flow stream is $ (Round to the nearest cent.)