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.

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