A company is considering launching a new product, below is the after-tax cash flow for the new product project accounting for initial investment, expected sales and the year-by-year inflation rate: Cash flow in Constant Dollars Expected annual inflation Year -$150,000 $33,000 $45,000 $55,000 $45,000 $41,000 0 1 1.9% 2 3.0% 2.7% 2.3% 2.1% a) Convert the cash flows from constant dollars (in the value of year 0) into equivalent current dollars with the base year being the present. b) If the annual real interest rate is 5%, what is the present equivalent of the cash flow LC A company is considering launching a new product, below is the after-tax cash flow for the new product project accounting for initial investment, expected sales and the year-by-year inflation rate: Cash flow in Constant Dollars Expected annual inflation Year -$150,000 $33,000 $45,000 $55,000 $45,000 $41,000 0 1 1.9% 2 3.0% 2.7% 2.3% 2.1% a) Convert the cash flows from constant dollars (in the value of year 0) into equivalent current dollars with the base year being the present. b) If the annual real interest rate is 5%, what is the present equivalent of the cash flow LC