Suppose an Investment Has Cash Inflows of R Dollars at the End

Suppose an investment has cash inflows of R dollars at the end of each year for two years.What will be the present value of these cash inflows using a 12% discount rate?

A) Greater than under a 10% discount rate.
B) Less than under a 10% discount rate.
C) Equal to that under a 10% discount rate.
D) Sometimes greater than under a 10% discount rate and sometimes less; it depends on R.