Consider the following cash flow streams. If the discount rate is positive, which of them has the highest present value (value at t=0)?

YearStream AStream BStream C

1 100 100 0

20 0 100

30 100 0

4100 0 100

50 100 100

6100 0 0

a.Stream A

b.Stream C

c.There is not enough information to answer the question.

d.Stream B

e.The three streams have the same present value.