a. What is the present value of the following set of cash flows, discounted at 10.4% per year? Year CF 1 $10 b. What is the present value of the following set of cash flows, discounted at 10.4% per year? Year CF 1 $58 c. Each set contains the same cash flows ($10, $22, $34, $46, $58), so why is the present value different? CF 2 $22 $10 2 $46 $22 The present value of the cash flow stream is $118.70. (Round to the nearest cent.) b. What is the present value of the following set of cash flows, discounted at 10.4% per year? Year CF 1 $58 2 $46 www OA. The present value in part (b) is lower because the larger cash flows occur sooner. OB. The present value in part (b) is higher because the larger cash flows occur sooner. OC. The present value in part (a) is higher because the larger cash flows occur sooner. OD. The present value in part (a) is lower because the larger cash flows occur sooner. 3 $34 3 $34 $34 3 $34 The present value of the cash flow stream is 136.45. (Round to the nearest cent.) c. Each set contains the same cash flows ($10, $22, $34, $46, $58), so why is the present yalue different? (Select the best choice below.) 4 $46 4 $22 $46 4 $22 5 $58 5 $10 $58 5 $10