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? |