Problem 6-1 Present Value and Multiple Cash Flows [LO1] McCann Co. has identified an investment project with the following cash flows. Year 1 Nm Cash Flow $ 780 1.050 1,310 1.425 4 a. If the discount rate is 8 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. Present value at 8% b. Present value at 17% C. Present value at 25%