Question
McCann Co. has identified an investment project with the following cash flows. YearCash Flow1$85021,19031,45041,600 a. If the discount rate is 7 percent, what is the
McCann Co. has identified an investment project with the following cash flows.
YearCash Flow1$85021,19031,45041,600
a.If the discount rate is 7 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 30 percent?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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