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Problem 5-1 Present Value and Multiple Cash Flows (LO 1] Fox Co. has identified an investment project with the following cash flows. Year NM Cash Flow $ 1,210 1,120 1,550 1,910 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 23 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value at 9 percent Present value at 17 percent Present value at 23 percent C