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Fox Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 990 2 790 3 1,440 4 1,800 a.

Fox Co. has identified an investment project with the following cash flows.
Year Cash Flow
1 $ 990
2 790
3 1,440
4 1,800
a.

If the discount rate is 11 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b. What is the present value at 16 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c. What is the present value at 22 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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