What effect will an increase in the discount rate have on the present value of a project that has an initial cash outflow followed by five years of cash inflows? Multiple Choice 0 The PV will remain the same as the timing of the cash flows must change also. 0 There will be no effect on the PV. 0 The PV will decrease. 0 The PV will increase. 0 The PV will change but the direction of the change is unknown