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McCann Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $800 2 1,060 3 1,310 4 1,170 a. If

McCann Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $800 2 1,060 3 1,310 4 1,170 a. If the discount rate is 12 percent, what is the present value of these cash flows? b. What is the present value at 18 percent?

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