In: Finance
| 
 Seaborn Co. has identified an investment project with the following cash flows.  | 
| Year | Cash Flow | 
| 1 | $800 | 
| 2 | 1,050 | 
| 3 | 1,230 | 
| 4 | 1,140 | 
| Required: | |
| (a) | 
 If the discount rate is 10 percent, what is the present value of these cash flows?  | 
| (b) | 
 What is the present value at 16 percent?  | 
| (c) | What is the present value at 26 percent? |