1. If you have a positive cash flow of $130,000 at the end of year 1, how much change in the PV of that cash flow if the discount rate is changed from 4% up to 12% ?
   1. It triples because the discount rate triples
   2. The PV goes from 125,000 to 116,071
   3. The PV goes from negative to positive
   4. The PV goes from -141,509 to -133,929