Problem 6-1 Present Value and Multiple Cash Flows [LO1]

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

Year	Cash Flow
1	$ 890
2	1,270
3	1,530
4	1,700

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 20 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 30 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)