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A. What is the present value of the following set of cash flows, discounted at 11% per year? Year 1 $11 Year 2 $23 Year

A. What is the present value of the following set of cash flows, discounted at 11% per year?

Year 1 $11

Year 2 $23

Year 3 $35

Year 4 $47

Year 5 $59

B. What is the present value of the following set of cash flows, discounted at 11% per year?

Year 1 $59

Year 2 $47

Year 3 $35

Year 4 $23

Year 5 $11

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