In: Finance
McCann Co. has identified an investment project with the following
cash flows.
Year Cash Flow
1 $950
2 1,000
3 1,220
4 1,170
a.
If the discount rate is 10 percent, what is the present value of
these cash flows?
b.
What is the present value at 17 percent?
c. What is the present value at 29 percent?