Put the following cash flows in order of highest value (ex. #1 for the highest, #2 for the second highest, etc.). Assume money has a time value of 9% and there is no risk difference between the choices.

_____ $100,000 a year, for 5 years, first payment starting in one year.

_____ $90,000 a year, for five years, starting today with the first payment.

_____ Lump sum payment of $390,000 received 3 years from today.

_____ Lump sum payment of $600,000 received 8 years from today.

_____ Lump sum of $285,000 received today.