Michael Pinigilan analyzes the value of an ordinary annuity investment by calculating the sum of the present values of its expected cash flows. Which of the following would lower the calculated value of the investment? Assume a positive interest rate. * O A. The discount rate decreases. O B. The riskiness of the investment's cash flows decreases. C. Reducing the size of the annual payments by half (e.g., reducing the annual payment from $100 to $50) while doubling the number of annual payments (e.g., doubling the number of annual payments from 10 to 20). D. Doubling the size of the annual payments (e.g., doubling the annual payment from $100 to $200) while O reducing the number of annual payments by half (e.g., reducing the number of annual paymentsfrom 10