(Present value of complex cash flows) You have an opportunity to make an irvestrent that will pay $300 at the end of the first year, 5200 at the end of the second year, $100 at the end of the third year, $300 at the end of the fourth year, and $500 at the end of the fith year a. Find the piesem yalue if the interest rate is 8 percent. (Hint. You can simply bing each cash fow back to the present and then add them up. Another way to work the probiem is to elither use the NPV hunction in Excel of to use your CF key on a finandal calculatof-but youll want to check your calculator's manual beloce you use this key Keep in mind that With the = NpV function in Excel, there is no initial outtay. That is, all this funclion does is bring at the future cash fows back to the present. With a finandal calculator, you should keep in mind that CF0 is the initial extlay or cash flow at time 0 , and because there is no cash flow at time 0 , CF 0.0.) b. What would happen to the present volue of this stream of cash flows if the interest rale were zero percent