Mendez Company has identified an investment project with the following cash flows.

Year Cash Flow

$1$ $ $810$

$21,110$

$31,370$

$41,500$

a$.$

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

b$.$ If the discount rate is $17$ percent, what is the present value of these cash flows?

c$.$ If the discount rate is $25$ percent, what is the present value of these cash flows?