You plan to analyze the value of a potential investment by calculating the sum of the present values of its expected cash flows. Which of the following would increase the calculated value of the investment? The total amount of cash flows remains the same, but more of the cash flows arc received in the later yean and less are received in the earlier years. The discount rate increases? The cash flows are in the form of a deferred annuity, and they total to $100,000. You learn that the annuity lasts for 10 yean rather than 5 years, hence that each payment is for $ 10,000 rather than for $20,000. The discount rate decreases. The riskiness of the investment's cash flows increases