Huggins Co. has identified an investment project with the following cash flows.

Year				Cash Flow
	1			$	860
	2				1,210
	3				1,470
	4				1,625

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.)

Present value

$

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.)

Present value

$