Suppose you are trying to find the present value of two different cash flows using the same interest rate for each. One cash flow is $1000 ten years from now, the other is $800 seven years from now. Which of the following is true about the discount factors used in these valuations?

a. Since the payments are different, no statement can be made regarding the discount factors.

b.both discount factors are greater than one.

c.regardless of the interest rate, the discount factors are such that present value of the $1000 will always be greater than present value of the $800

d.the discount factors for the cash flow ten years away is always less than or equal to the discount factor for the cash flow that is received seven years from now .