Problem 6-1 Present Value and Multiple Cash Flows (LO1] Mendez Company has identified an investment project with the following cash flows. Year Cash Flow 1 $ 790 2 1,070 1,330 1.450 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 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.) t 47 a. Present value at 9% b. Present value at 17% c. Present value at 25% nces