Problem 6-1 Present Value and Multiple Cash Flows [LO1] Mendez Company has identified an investment project with the following cash flows. Year 1 2 3 4 Cash Flow $ 830 1,150 1,410 1,550 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 16 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 16% c. Present value at 25%