TL Part 1 of 3 a. What is the present value of the following set of cash flows, discounted at 9.6% per year? Year CF 1 $8 2 $18 3 $28 4 $38 5 $48 b. What is the present value of the following set of cash flows, discounted at 9.6% per year? un Year CF 1 $48 2 $38 3 $28 4 $18 5 $8 c. Each set contains the same cash flows ($8. $18, $28. $38. $48), so why is the present value different? a. What is the present value of the following set of cash flows, discounted at 9.6% per year? cia Year CF 1 $8 2 $18 3 $28 5 $48 $38 y PL The present value of the cash flow stream is $ (Round to the nearest cent.) time apter