11.

Problem 5-2 Present Value and Multiple Cash Flows LO1] Investment X offers to pay you $4,300 per year for 9 years, whereas Investment Y offers to pay you $6,100 per year for 5 years Requirement 1: (a) If the discount rate is 6 percent, what is the present value of these cash flows? (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Present value Investment X Investment Y (b) Which of these cash flow streams has the higher present value at 6 percent? Click to select) v Requirement 2: (a) If the discount rate is 22 percent, what is the present value of these cash flows? (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Present value Investment X Investment Y (b) Which of these cash flow streams has the higher present value at 22 percent? (Click to select)