Present Value of Annuity of $1 Periods 1% 3% 5% 6% 8% 10% 12% 14% 16% 18% 20% 1 0.9900 900 0.971 0.0020 052 0943 0 926 0 909 0 8930 877 0.862 0847 0.833 2 1.9701 9421 9131886 1859 1833 1783 1730 1600 1 647 1 805 1 566 1528 2.941 2.8842829 2.775 2.723 2673 2577 2 487 2 40223222 246 2174 2106 4 3.902 3.808 3.717 3.630 3.545 3.465 3.312 3.170 3.037 29142798 2690 2580 5 4853 4.713 4.580 4.452 4 329 4212 3.993 3.791 3.605 3.433 3 274 3 127 2 901 6 5.795 5.601 5.417 5242 5076 4 917 4.623 4355 4.111 38893685 3490 3.326 7 6 728 6 472 62306 002 5786 5582 5206 4868 4.5644 288 4039 3 812 3.605 8 7652 7325 70206 733 6 463 6210 5.747 5 335 4.968 4 6394344 4078 3.837 9 8 566 81627 7867 435 7 108 68026 247 57595 328 4 9464507 43034031 10 9.471 898385308 111 7.722 7.360 6.710 6 145 5.6505216 4833 44944 192 11 10.358 9.78702538.760 8.3067887 71306495 5938 5453 5029 4656 4327 12 11255 10 575 9.9549.385 8863 8384753668146 1945.000 5.197 4793 4430 13 12.134 11 348 10.6359.986 9394 8853 7904 7 1036 424 5 842 5 342 4910 4.533 14 13 004 12 106 11 296 10 563 9899 0295 824473676 628 6.002 5468 5008 4611 15 13 865 12 640 11 938 11 118 10 380 712 8.559 7 606 6 811 6.142 5 575 5092 4675 20 18 046 10 351 14 877 13 500 12 462 11.4709818 8.514 7.469 6.623 5.929 5.353 4870 25 22 02319 523 17.413 15 622 14 094 12 783 10 675 90777843 68736 097 5.407 4.948 30 25 808 22 395 19 600 17 22 15 372 13.765 11 258 9 427 8055 7003 6.177 5517 4.979 40 32 835 27 355 23 115 19.793 17 159 15 046 11 925 9.779 8 244 7.1056 233 5 548 4.997 Present Value of 51 Periods 1% 25 3% 4% 5% 6% 10% 12% 14% 18% 20% 1 0 990 0 980 O 971 962 0 952 0 043 0.9200 0090 8030 8770840833 2 0.980 0.96 0.943 0.925 0.907 0.890 0.057 0025 0.797 0.750 0 1430 118 0604 3 0 971 0942 0915 08890 854 0 8400794 0751 0.712 06750 64106000 570 0.961 0 924 0.888 0.855 0.823 0.792 0.735 0633 0.63605920552 0510 0.402 5 0 951 0 906 08630 822 0.784 0 747 0681 0 601 0567 0519 0476 04370409 6 0.942 0.888 0.837 0.750 0.746 O 705 06:30 0564 507 0456 0410 03700335 7 0933 0871 0813 0.750 0.711 0 665 0583 0 513 0 4520 4000 3540 3140 279 8 0.923 0.853 0.7890731 06770627 0 540 046704040351 0 305 0 266 0233 9 0.914 0.837 0.706 0.7030645 0 502 0 500 0.42403510.308 02630 225 0 194 10 0906 0.820 0 744 0.676 06140558 0.46303003220270 0 227 0.1910 162 11 08960 8040.722 0 650 0585 0527 0.429 0.350 287 0237 0 195 0.1620 135 12 0887 0788 0 701 0.625 0 557 0497 0.397 0 3190 2570 200 0 1600 1370 112 13 0.879 0.773 0681 0 601 0530 0469 0.363 02900229 1820 145 0 1160093 14 08700.7580 661 0571 0505 0442 0 30 0 2030 2050.1000 1250 099 00T8 15 0.861 0.743 0542 0555 0.4810417 0 3150 239 0183 0.140 0 10000040065 20 0.8200 673 0.554 0 456 0377 0312 0215 0.149 0.104007300510037 0.626 25 0.7800610 0.478 0.375 0.2950 233 0.15 0.0920052000800240016 0010 30 0.7420 542 0.412 0308 0 231 0.174 0000 0.0570033 0.0000012 0.007 0.004 40 0.61204530 3070 2000 142007 DO 002200110 005 000300010001 Use the Present Value of $1 table to determine the present value of S1 received one year from now. Assume a 16% interest rate Use the same table to find the present value of $1 received two years from now. Continue this process for a total fafive years (Click the icon to view the present value factor table) (Click the icon to view the present value annuity factor tatile.) b What is the total present value of the cash flows received over the five year porod? Could you characterize this stream of cash flows as an annuity? Why or why not? Use the Prebant Value of Annuity of $1 table to determine the prosent value of the same stream of cash flows Compare your results to your answer to Part A Explain your findings c. d. a. What is the total present value of the cash flows received over the five-year period? (Round all amounts to three decimal places) Year Present value 1 2 3 4 5 Total present value