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Mendez Company has identified an investment project with the following cash flows. Year Cash Flow 1 $ 7 4 0 2 9 7 0 3

Mendez Company has identified an investment project with the following cash flows.
Year Cash Flow
1 $ 740
2970
31,230
41,325
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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