Question: P6-1 Present Value and Multiple Cash Flows (LO1) McCann Co. has identified an investment project with the following cash flows. Year 1 2 3 4

 P6-1 Present Value and Multiple Cash Flows (LO1) McCann Co. has

P6-1 Present Value and Multiple Cash Flows (LO1) McCann Co. has identified an investment project with the following cash flows. Year 1 2 3 4 Cash Flow $800 1,060 1,230 1,140 a. If the discount rate is 9 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 29 percent

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