If an Investment Has Cash Outflows of Q Pounds at the End

Multiple Choice

If an investment has cash outflows of Q pounds at the end of each year for three years, then the present value of these cash outflows under a 10% rate of return will be

A) greater than under a 12% rate of return.
B) less than under a 12% rate of return.
C) equal to that under a 12% rate of return.
D) unknown because it depends on the size of Q.