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McCann Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $850 2 1,020 3 1,310 4 1,190 a. If

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

Year Cash Flow

1 $850

2 1,020

3 1,310 4

1,190

a. If the discount rate is 11 percent, what is the present value of these cash flows?

b. What is the present value at 18 percent?

c. What is the present value at 28 percent?

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