a. What is the present value of the following set of cash flows, discounted at 9.3% per year? 4 1. $11 2 $23 $47 Year CF 3 $35 b. What is the present value of the following set of cash flows, discounted at 9.3% per year? 1 $59 2 $47 3 $35 4 $23 c. Each set contains the same cash flows ($11, $23, $35, $47, $59), so why is the present value different? Year CF 5 $59 5 $11 ee so 70

a. What is the present value of the following set of cash flows, discounted at 9.3% per year? Y b. What is the present value of the following set of cash flows, discounted at 9.3% per year? c. Each set contains the same cash flows ($11,$23,$35,$47,$59), so why is the present value different