In: Finance
|
McCann Co. has identified an investment project with the following cash flows. |
| Year | Cash Flow |
| 1 | $800 |
| 2 | 1,040 |
| 3 | 1,270 |
| 4 | 1,150 |
| a. |
If the discount rate is 9 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 26 percent? |