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

Year 1 Cash flow

1 $900

2 $1,290

3 $1,550

4 $1,725

a. If the discount rate is 7 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places)

b. What is the present value at 20 percent? (Do not round intermediate calculations and round your answer to 2 decimal places)?

c. What is the presernt value at 30 percent? (Do not round intermediate calculations and round your answer to 2 decimal places)?