Question: Comparing cash flow streams ( 1 0 points ) You have just joined the investment banking firm of Dewey. Cheatum, and Howe. They have offered

Comparing cash flow streams (10 points) You have just joined the investment banking firm of Dewey. Cheatum, and Howe. They have offered you two different salary arrangements. You can have $90,000 per year for the next two years, or you can have $77,000 per year for the next two years along with $20,000 signing bounce today. The bounce is paid immediately, and the salary is paid in equal amounts at the end of each month. If the interest rate is 7% compounded monthly, which do you prefer? (Show your calculations).

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