What is the present value of the following cash flows. Assume that the interest rate is 8%, compounding annually. Year Cash Flow 1 $100 2 $300 3 $500 4 $700 $1,335.61 $1,129.20 $1,600.00 $1,192.61 $1,261.23

What is the present value of the following cash flows. Assume that the interest rate is 8%, compounding annually. Year 1 2 3 4 Cash Flow $100 $300 $500 $700 $1,335.61 $1,129.20 O $1,600.00 $1,192.61 $1,261.23