Question
McCann Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 530 2 690 3 875 4 1,090 a.
McCann Co. has identified an investment project with the following cash flows.
Year Cash Flow
1 $ 530
2 690
3 875
4 1,090
a. If the discount rate is 10 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 18 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 24 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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