Which one of the following will increase the present value of a 20-year stream of even, annual cash flows? Assume a positive discount rate.

Group of answer choices

Increasing the Year 2 cash flow by $100 and lowering the Year 3 cash flow by $100

Increasing the discount rate

Decreasing the amount of each cash flow

Moving the Year cash inflow to Year 2

Moving every cash flow one time period further into the future