Present Value and Multiple Cash Flows [LO1] McCann 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? Calculating APR [LO4] Find the APR, or stated rate, in each of the following cases 20. Calculating Loan Payments [LO2,4] You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you an APR of 5.2 percent for a 60-month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan? 21. Calculating Number of Periods [LO3] One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $450 per month. You will charge 1.3 percent per month interest on the overdue balance. If the current balance is $18,000, how long will it take for the account to be paid off? 22. Calculating EAR [LO4] Friendly's Quick Loans, Inc., offers you "three for four or I knock on your door." This means you get $3 today and repay $4 when you get