Problem 6-1 Present Value and Multiple Cash Flows (LO1] McCann Co. has identified an investment project with the following cash flows. Year 1 2 3 4 Cash Flow $ 800 1,090 1,350 1,475 a. If the discount rate is 7 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 17 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 25 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. b. Present value at 7% Present value at 17% Present value at 25% c