Problem 5-1 Present Value and Multiple Cash Flows [LO 1]

Rooster Co. has identified an investment project with the following cash flows.

Year	Cash Flow
1		$	1,030
2			850
3			1,460
4			1,820

Requirement 1:

If the discount rate is 10 percent, what is the present value of these cash flows?(Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)

Present value

$

Requirement 2:

What is the present value at 18 percent?(Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)

Present value

$

Requirement 3:

What is the present value at 24 percent?(Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)

Present value

$