Use the Present Value of $1 table to deterriine the present value of $1 received one year fromi now. Assurne an 8% interest rate. Use the same table to find the present value of $1 received two years from now. Continue this process for a total of five years. Round to three decimal places. (Click the loon to vlew Present Value of \$1 table.) Read the Requirement 1. What is the toial present value of the cash flows received over the five-year period? Calculate the total present value of $1 recelved each year. (Round to three decimal places, X.x.x..) Requirements 1. What is the total present value of the cash flows received over the five-year pericd? 2. Could you characterize this stream of cash flows as an annuity? Why or why not? 3. Use the Present Value of Ordinary Arinuity of $1 lable to determine the present value of the same stream of cash flows. Compare your results to your answer to Requirement 1. 4. Explain your findings