What is the present value of the following set of cash flows, discounted at 9.2% per year? Year CF 1 $12 b. What is the present value of the following set of cash flows, discounted at 9.2% per year? Year 1 $48 2 $39 CF c. Each set contains the same cash flows ($12, $21, $30, $39, $48), so why is the present value different? 2 $21 a. What is the present value of the following set of cash flows, discounted at 9.2% per year? 1 $12 2 $21 Year CF The present value of the cash flow stream is $. (Round to the nearest cent.) b. What is the present value of the following set of cash flows, discounted at 9.2% per year? Year CF 1 $48 2 $39 CIB OA. The present value in part (b) is higher because the larger cash flows occur sooner. OB. The present value in part (a) is lower because the larger cash flows occur sooner. OC. The present value in part (a) is higher because the larger cash flows occur sooner. OD. The present value in part (b) is lower because the larger cash flows occur sooner. 3 $30 3 $30 3 $30 3 $30 (Round to the nearest cent.) The present value of the cash flow stream is c. Each set contains the same cash flows ($12, $21, $30, $39, $48), so why is the present value different? (Select the best choice below.) $39 $21 4 $39 4 $21 + 5 $48 5 $12 5 $48 5 $12