1. Consider an uneven cash flow stream:

Year	Cash Flow
0	$2,000
1	$2,000
2	$0
3	$1,500
4	$2,500
5	$4,000

1. • What is the present (Year 0) value of the cash flow stream if the opportunity cost rate is 10 percent?
   • What is the value of the cash flow stream at the end of Year 5 if the cash flows are invested in an account that pays 10 percent annually?
   • What cash flow today (Year 0), in lieu of the $2,000 cash flow, would be needed to accumulate $20,000 at the end of Year 5? (Assume that the cash flows for Years 1 through 5 remain the same.)