Huggins Co. has identified an investment project with the
following cash flows.
Year
Cash Flow
1
$
900
2
1,290
3
1,550
4
1,725
If the discount rate is 7 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.)
Present value
$
What is the present value at 20 percent? (Do not round
intermediate calculations and round your answer to 2 decimal
places,...