Problem 6-1 Present Value and Multiple Cash Flows [LO1] McCann Co. has identified an investment project with the following cash flows. Year Cash Flow $ 760 1,010 1,270 1,375 1 2 3 4 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 18 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 24 percent? (Do not round intermediate caIculations and round your answer to 2 decimal places, e.g., 32.16.) Present value at 11% . b. Present value at 18% Present value at 24%