Fox Co. has identified an investment project with the following cash flows.YearCash Flow1$1,23021,15031,56041,920a.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.)

a. Present value at 11 percent b. Present value at 16 percent C. Present value at 22 percent