Investment X offers to pay you $4,900 per year for 9 years, whereas Investment Y offers to pay you $7,500 per year for 5 years.

If the discount rate is 3 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	Present value
Investment X	$
Investment Y	$

If the discount rate is 14 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	Present value
Investment X	$
Investment Y	$

Answer rating: 100% (QA)

Solution a Calculate the projected annual dividends over the years 2019 2020 and 2020 Answer Year Ca... View the full answer