The present value of $150,000 in annual cash flows given a 10% required rate of return will be a. greater than the present value given a 12% required rate of return. b. less than the present value...

a. greater than the present value given a 12% required rate of return.

b. less than the present value given a 12% required rate of return.

c. equal to the present value given a 12% required rate of return.

d. unknown because it depends on the timing of the cash flows.