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a. if the discount rate is 8%, what is the present value of these cash flows? b. what is the present value at 18%? c.

a. if the discount rate is 8%, what is the present value of these cash flows?

b. what is the present value at 18%?

c. what is the present value at 29%? image text in transcribed

McCann Co. has identified an investment project with the following cash flows. Year Cash Flow $850 1,040 3 1220 1,170 1 2 4

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