Problem 6-1 Present Value and Multiple Cash Flows (L01) McCann Co. has identified an investment project with the following cash flows. Year 1 2 3 Cash Flow $ 890 1,270 1.530 1,700 4 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., 32.16.) b. What is the present value at 20 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 30 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Present value at 9% Present value at 20% b. c. Present value at 30%