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What is the present value of the following set of cash flows, discounted at 11% per year? Year 1 2 3 4 5 CF $12

What is the present value of the following set of cash flows, discounted at 11% per year? Year 1 2 3 4 5

CF $12 $21 $30 $39 $48

b. What is the present value of the following set of cash flows, discounted at 11% per year? Year 1 2 3 4 5

CF $48 $39 $30 $21 $12

c. Each set contains the same cash flows ($12, $21, $30, $39, $48), so why is the present value different? a. What is the present value of the following set of cash flows, discounted at 11% per year? Year 1 2 3 4 5

CF $12 $21 $30 $39 $48

The present value of the cash flow stream is ?

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