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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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