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McCann Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 740 2 970 3 1,230 4 1,325 a.
McCann Co. has identified an investment project with the following cash flows.
Year | Cash Flow | |||||
1 | $ | 740 | ||||
2 | 970 | |||||
3 | 1,230 | |||||
4 | 1,325 | |||||
a. | If the discount rate is 9 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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