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McCann Co. has identified an investment project with the following cash flows. Year 1 2 3 4 Cash Flow $850 1,070 1,300 1200 a. If

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McCann Co. has identified an investment project with the following cash flows. Year 1 2 3 4 Cash Flow $850 1,070 1,300 1200 a. If the discount rate is 8 percent, what is the present value of these cash flows? b. What is the present value at 20 percent? c. What is the present value at 26 percent

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