es Problem 5-1 Present Value and Multiple Cash Flows [LO 1] Mendez Company has identified an investment project with the following cash flows. Year 123 4 Cash Flow $ 1,290 1,240 1,590 1,950 a. If the discount rate is 9 percent, what is the present value of these cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the present value at 17 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. c. What is the present value at 23 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Present value at 9 percent b. Present value at 17 percent c. Present value at 23 percent

Problem 5-1 Present Value and Multiple Cash Flows [LO 1] Mendez Company has identified an investment project with the following cash flows. a. If the discount rate is 9 percent, what is the present value of these cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the present value at 17 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. c. What is the present value at 23 percent? Note: Do not round intermediote calculations and round your answer to 2 decimal places, e.g., 32.16