Suppose three investments have equal lives and multiple cash flows. A high discount rate tends to favor: O The investment with large cash flows early. The investment with large cash flows late. O The investment with even cash flows. O None of the investments, since they have equal lives.

Suppose three investments have equal lives and multiple cash flows. A high discount rate tends to favor: The investment with large cash flows early. The investment with large cash flows late. The investment with even cash flows. None of the investments, since they have equal lives