Calculate the present value of a stream of cash flows based on a discount rate of 8%. Annual cash flow is as follows:
Year 1 = $100,000
Year 2 = $150,000
Year 3 = $200,000
Year 4 = $200,000
Year 5 = $150,000
Years 6-10 = $100,000
Calculate the present value of the cash flow stream in problem 2 with the following interest rates:
Year 1 = 8%
Year 2 = 6%
Year 3 = 10%
Year 4 = 4%
Year 5 = 6%
Years 6-10 = 4