(Presant value of complex cash flows) You have an opporturity to make an investment that will pay $400 at the ond of the first yoar, $200 at the end of the second year, $200 at the end of the third year, $400 at the end of the fourth year, and $200 at the end of the finh your: a. Find the present value if the interest rate is 11 percent. (Hint: You can simply bring each cash flow back to the presert and then add them up. Another way to work this problem is to either use the = NPV function in Excel or to use your CF kny on a financial coloulator-but youll want fo check your calculator's manual before you use this key. Keep in mind that with the - NPV function in Excel, there is no insitial outley. That is, all this function does is bring all the future cash fows back to the present With a Financial calculator, you should keep in mind that CF0 is the inital outiay or cash flow at time 0 , and, because there is no cash fow at time 0,CF0=0 ). b. What would happen to the present value of this stream of cash fows if the interest rate were zero percent? a. What is the present value of the investment if the interest rate is 11 percent? (Round to the nearest cent.)