Problem 5-1 Present Value and Multiple Cash Flows (LO 1) Fox Co. has identified an investment project with the following cash flows. Year 1 WN Cash Flow $ 1,150 1,030 1,520 1,880 es a. If the discount rate is 11 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., 32.16.) b. What is the present value at 16 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the present value at 22 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. b. Present value at 11 percent Present value at 16 percent Present value at 22 percent c