Problem: Wainright Co. has identified an investment project with the following cash flows.
Year Cash Flow
1 $ 840
2 1,170
3 1,430
4 1,575
If the discount rate is 9 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
What is the present value at 16 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
What is the present value at 25 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))