Find the Present Value (PV) of the following Cash In-flows, and the Net Present Value (NPV) of the entire series of Cash Flows.

CF0 -400000

CF1 45000

CF2 45000

CF3 45000

CF4 75000

CF5 75000

CF6 75000

CF7 75000

CF8 100000

CF9 100000

CF10 75000

The discount rate is 8%

P.V.?

N.P.V.?

If the timing of the cash inflows were reversed, in other words if CF 10, were CF 1 and CF 9 were CF 2 and so on, would you expect the PV and NPV to be larger or smaller?