Year	1	2	3	4	5
CF	$10	$20	$30	$40	$50

b. What is the present value of the following set of cash flows, discounted at

10%

per year?

Year	1	2	3	4	5
CF	$50	$40	$30	$20	$10

c. Each set contains the same cash flows

($10,

$20,

$30,

$40,

$50),

so why is the present value different?

a. What is the present value of the following set of cash flows, discounted at

10%

per year?

Year	1	2	3	4	5
CF	$10	$20	$30	$40	$50

The present value of the cash flow stream is