a. What is the present value of the following set of cash flows, discounted at 10.5% per year? Year CE 1 $9 2 $20 3 $31 4 342 5 553 The present value of the cash flow stream is (Round to the nearest cont.) b. What is the present value of the following set of cash flows, discounted at 10.5% per year? Year CF 1 $53 2 $42 3 $31 5 39 4 $20 The present value of the cash flow stream is (Round to the nearest cont.) c. Each set contains the same cash flows ($9, $20, $31. $42. $53), so why is the present value different? (Select the best choice below) O A. The present value in part (a) is lower because the larger cash flows occur sooner. OB. The present value in part(b) is lower because the larger cash flows ocour sooner, OC. The present value in part (b) is higher because the larger cash flows occur sooner. OD. The present value in part (a) is higher because the larger cash flows occur sooner Click to select your answer(s). 12:47 PM a. What is the present value of the following set of cash flows, discounted at 10.5% per year? Year CE 1 $9 2 $20 3 $31 4 342 5 553 The present value of the cash flow stream is (Round to the nearest cont.) b. What is the present value of the following set of cash flows, discounted at 10.5% per year? Year CF 1 $53 2 $42 3 $31 5 39 4 $20 The present value of the cash flow stream is (Round to the nearest cont.) c. Each set contains the same cash flows ($9, $20, $31. $42. $53), so why is the present value different? (Select the best choice below) O A. The present value in part (a) is lower because the larger cash flows occur sooner. OB. The present value in part(b) is lower because the larger cash flows ocour sooner, OC. The present value in part (b) is higher because the larger cash flows occur sooner. OD. The present value in part (a) is higher because the larger cash flows occur sooner Click to select your answer(s). 12:47 PM