Your Uncle Sam wants you to evaluate an investment opportunity. You decide that the best approach is to calculate the sum of the present values of its expected cash flows. Which of the following would most likelylowerthe calculated value of the investment?

a-The discount rate decreases

b-The riskiness of the investment's cash flows increases.

c-The total amount of cash flows remains the same, but more of the cash flows are received in the earlier years and less are received in the later years.

d-The investment is set up like an annuity (equal payments over a fixed interval) and the cash flows total to $300,000. You learn that the annuity lasts for 10 years instead of 30 years, thus each payment is for $30,000 rather than for $10,000.