You are considering a 3 year investment that has the following cash flows and costs $3,500. Year 1: $2,000 Year 2: $1,900 Year 3: $1,500 What rate would make the costs equal to the present value of these cash flows? 26.69% 17.88% 32.11% 28.19% QUESTION 7 You can buy an annuity that pays $300 a year with a rate of 8% for 10 years. What is it worth today? $1,983.44 $3,000 $2,013.02 $2,594.01