Mendez Company has identified an investment project with the following cash flows.
Year Cash Flow
1 $ 920
2 1,330
3 1,590
4 1,775
a. If the discount rate is 10 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 20 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 30 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
a. Present value at 10%
b. Present value at 20%
c. Present value at 30%