Question 1 8 pts Based on the time value of money, an expected cash flow of $100 that is to be received later in the future should worth another $100 that is to be received sooner. less than the same as more than nothing compared to Consider a lump sum of $700 today_(i,e, at time node t=0 ). What is its future value 12 years later at an expected return of 9% per year? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67)