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Harry is trying to find the present value of two different cash flows using the same interest rate for each cash flow. The first cash flow is $1,000 ten years from now. The second is $800 seven years from now. Which of the following is true about the present value interest factors used to value the cash flows? Assume strictly positive interest rates. Select one or more correct answers.A. The factor for the cash flow ten years away is always less than the factor for the cash flow that you receive seven years from now.B. Both factors are greater than 1.C. Regardless of the interest rate, the discount factors are such that the present value of the $1,000 willalways be higher than the present value of the $800.D. Since the payments are different, you cannot make a meaningful statement about the present value interestfactors.E. Harry will factor in the time differential and choose the payment that arrives the soonest. F. None of these statements is true.

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