Question: 1. Present Value and Multiple Cash Flows [LO1] Wainright Co. has identified an investment project with the following cash flows. If the discount rate is
1. Present Value and Multiple Cash Flows [LO1] Wainright Co. has identified an investment project with the following cash flows. If the discount rate is 10 percent, what is the present value of these cash flows? What is the present value at 18 percent? At 24 percent?
Year Cash Flow
1 $ 720
2 930
3 1,190
4 1,275
Please show work so I can properly understand how to do this. Thank you!
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