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

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

Year Cash Flow

$1$ $ $840$

$21,170$

$31,430$

$41,575$

a$.$

If the discount rate is $9$ 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 $16$ 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 $25$ 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$.,32\mathrm{.}16.)$