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McCann Co. has identified an investment project with the following cash flows. Year & Cash Flow YR 1 - $800 YR 2 - $1,090 YR
McCann Co. has identified an investment project with the following cash flows. Year & Cash Flow YR 1 - $800 YR 2 - $1,090 YR 3 - $1,340 YR 4 - $1,180 a. If the discount rate is 11 percent, what is the present value of these cash flows? b. What is the present value at 19 percent?
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