Francoeur Co. has identified an investment project with the following cash flows: Year Cash Flow 1 $900 2 $1,290 3 $1,550 4 $1,725 If the discount rate is 7 percent, what is the present value of these cash flows as of Year 0? $4,549.11 $3,406.47 $4,013.06 $3,679.59 $4,271.21