a. What is the present value of the following set of cash flows, discounted at 10.5% per year? Year CF 1 $11 2 $20 b. What is the present value of the following set of cash flows, discounted at 10.5% per year? Year CF 1 $47 c. Each set contains the same cash flows ($11, $20, $29, $38, $47), so why is the present value different? 2 $38 a. What is the present value of the following set of cash flows, discounted at 10.5% per year? Year CF 1 $11 Year CF 2 $20 The present value of the cash flow stream is $ (Round to the nearest cent.) b. What is the present value of the following set of cash flows, discounted at 10.5% per year? 1 $47 2 $38 COLLE OA. The present value in part (b) is higher because the larger cash flows occur sooner. OB. The present value in part (a) is lower because the larger cash flows occur sooner. OC. The present value in part (a) is higher because the larger cash flows occur sooner. 3 $29 3 $29 3 $29 3 $29 The present value of the cash flow stream is (Round to the nearest cent) c. Each set contains the same cash flows ($11, $20, $29 $38, $47), so why is the present value different? (Select the best choice below.) $38 4 $20 4 $38 4 $20 5 $47 5 $11 5 $47 5 $11

a. What is the present value of the following set of cash floms, discourted at 10.5% per yean? c. Each set contains the same cash flows ($11,520,529,538,$47, so why is the present value diflerent? The present value of the cash flow stream is s (Round to the nearest cent) b. What in the present value of the foliowing set of cash fows, discounted at 10.5% per year? The present value of the cash flow stream is (Round is the nearest cont), c. Each set contains the same canh flom ($11,$20,$24,$38,$47), so why is the presemt value dffecent? (Select the best chaice below) A. The present value in part (b) is higher because fre larger cash fows occur sooner. B. The present value in part (a) a lower bocause the larger cash fows oocur sooner. c. The present value in part (a) is higher becavise the layger cash flows occur soones