a. What is the present value of the following set of cash flows, discounted at 9.9% per year? Year 2 $16 3 $24 CF $8 $32 $40 Year CF b. What is the present value of the following set of cash flows, discounted at 9.9% per year? 2 $32 1 $40 3 $24 4 $16 5 $8 c. Each set contains the same cash flows (S8, S16, $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 9.9% per year? Year 1 3 CF $8 $16 $24 The present value of the cash flow stream is $(Round to the nearest cent.) $32 $40