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McCann Co. has identified an investment project with the following cash flows. Year Cash Flow 2 3 4 $800 1,050 1,240 1,120 a. If the

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McCann Co. has identified an investment project with the following cash flows. Year Cash Flow 2 3 4 $800 1,050 1,240 1,120 a. If the discount rate is 9 percent, what is the present value of these cash flows? b. What is the present value at 20 percent

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