McCann Co. has identified an investment project with the following cash flows. Year & Cash Flow YR 1 - $800 YR 2 - $1,090 YR 3 - $1,340 YR 4 - $1,180
a. If the discount rate is 11 percent, what is the present value of these cash flows?
b. What is the present value at 19 percent?
c. What is the present value at 28 percent?
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