a. What is the present value of the following set of cash flows, discounted at 10.3% per year? Year CF 1 $9 2 $19 3 $29 4 $39 5 $49 b. What is the present value of the following set of cash flows, discounted at 10.3% per year? Year CF 1 $49 2 $39 3 4 5 $29 $19 $9 c. Each set contains the same cash flows ($9, $19, $29, $39, $49), so why is the present value different? a. What is the present value of the following set of cash flows, discounted at 10.3% per year? Year CF 1 $9 2 $19 3 $29 4 $39 The present value of the cash flow stream is $ (Round to the nearest cent.) 5 $49