S12-9 (similar to) : Question Help Use the Present Value of $1 table to determine the present value of $1 received one year from now. Assume a 16% interest rate. Use the same table to find the present value of $1 received two years from now. Continue this process for a total of five years. (Click the icon to view the present value factor table.) (Click the icon to view the present value annuity factor table.) ndo What is the total present value of the cash flows received over the five-year period? Could you characterize this stream of cash flows as an annuity? Why or why not? Use the Present Value of Annuity of $1 table to determine the present value of the same stream of cash flows. Compare your results to your answer to Part A. Explain your findings. a. What is the total present value of the cash flows received over the five-year period? (Round all amounts to three decimal places.) Year Present value Total present value Present Value of $1 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 5% 0.952 0.907 0.864 0.823 0.784 6% 0.943 0.890 0.840 0.792 0.747 16% 0.862 0.743 0.641 0.552 0.476 0.410 0354 Periods 1% 2% 0.990 0.980 0.980 0.961 0.971 0.942 0.961 0.924 0.951 0.906 0.942 0.888 0.933 0.871 0.923 0.853 0.914 0.837 0.905 0.820 0.896 | 0.804 0.887 0.788 0.879 0.773 0.870 0.758 0.861 0.743 | 0.820 0.673 0.314 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 0.555 0.456 0.746 0.711 0.677 0.645 0.614 0.585 0.557 0.530 0.505 0.481 0.377 8% 0.926 0.857 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 0.429 0.397 0.368 0.340 0.315 0.215 0.705 0.665 0.627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.312 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 0.350 0.319 0.290 0.263 0.239 0.149 12% 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 | 0.229 0.205 0.183 0.104 14% 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 0.308 0.270 0.237 0.208 0.182 0.160 0.140 0.073 0.722 0.701 0.681 0.661 0.642 0.554 18% 20% 0.847 0.833 0.7180.694 0.609 0.579 0.516 0.482 0.437 0.402 0.370 0.335 0.279 0.266 0.233 0.225 0.194 0.191 0.162 0.162 0.135 0.137 0.112 0.116 0.093 0.099 0.078 0.084 0.065 0.037 0.026 0.305 0.263 0.227 0.195 0.168 0.145 0.125 0.108 0.051 Periods 16% 0.862 1.605 2.246 2.798 3.274 Present Value of Annuity of $1 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.6901.647 2.941 2.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 3.902 3.808 3.717 3.630 3.546 3.465 | 3.312 3.170 3.037 2.914 4.853 | 4.713 4.580 4.452 4.329 4.212 3.993 3.791 3.605 3.433 5.795 5.601 5.417 5.242 5.076 4.917 4.623 4.355 | 4.111 3.889 6.728 6.472 6.230 6.002 5.786 5.582 5.206 4.868 4.564 4.288 7.652 7.325 7.020 6.733 6.463 6.210 5.335 4.968 | 4.639 8.566 8.162 7.786 7.435 7.108 6.802 6.247 5.759 5.328 4.946 9.471 8.983 8.530 8.111 7.722 7.360 6.710 6.145 5.650 5.216 10.368 9.787 9.253 8.760 8.306 7.887 7.139 6.495 5.938 5.453 11.255 10.575 9.954 9.3858.8638.384 7.536 6.814 6.194 5.660 12.134 11.348 10.635 9.9869.394 8.853 7.904 7.103 6.424 5.842 5.842 13.004 | 12.106 11.296 | 10.563 9.899 9.295 8.244 7.3676.628 6.002 13.865 12.849 11.938 11.118 10.380 9.712 8.559 7.606 6.811 6.142 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7.469 6.623 18% 0.847 1.566 2.174 2.690 3.127 3.498 3.812 4.078 4.303 4.494 5.747 3.685 4.039 4.344 4.607 4.833 5.029 5.197 5.342 5.468 5.575 5.929 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 4.327 4.439 4.533 4.611 4.675 4.870 4.656 4.793 4.910 5.008 5.092 5.353