Problem $4-11$ Present Value and Multiple Cash Flows

Mendez Company has identified an investment project with the following cash flows.

a$.$ If the discount rate is $8$ percent, what is the present value of these cash flows? $($Do not

round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.)$

b$.$ If the discount rate is $18$ percent, what is the present value of these cash flows? $($Do

not round intermediate calculations and round your answer to $2$ decimal places,

e$.$g$.,32\mathrm{.}16.)$

c$.$ If the discount rate is $24$ percent, what is the present value of these cash flows? $($Do

not round intermediate calculations and round your answer to $2$ decimal places,

e$.$g$.,32\mathrm{.}16.)$

a$.$ Present value

b$.$ Present value

c$.$ Present value