1. What is the present value of $100 received in:
a. Year 10 (at an interest rate of 1%)
b. Each of years 1 through 3 (at an interest rate of 12%)
c. Years 3 and 5 (at an interest rate of 7%)
d. Each year, for 100 years (at an interest rate of 6%)
e. Each year, in perpetuity (at an interest rate of 8%)
2. Both the direct approach and the indirect approach will irritating the same amount for cash flow from operations? True of False?