Question: Present Value and Multiple Cash Flows The Conoly Co. has identified an investment project with the following cash flows. If the discount rate is 5

Present Value and Multiple Cash Flows

The Conoly Co. has identified an investment project with the following cash flows. If the discount rate is 5 percent, what is the present value of these cash flows? What is the present value at 13 percent? At 18 percent?

Year Cash Flows
1 $850
2 740
3 1,090
4 1,310

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