Question: Chapter 6: Dropbox 3.4 Problem 2: Present Value and Multiple Cash Flows Investment X offers to pay you $4,700 per year for eight years, whereas

Chapter 6: Dropbox 3.4 Problem 2: Present Value and Multiple Cash Flows Investment X offers to pay you $4,700 per year for eight years, whereas Investment Y offers to pay you $6,700 per year for five years. a) What is the present value of each of these cash flow streams if the discount rate is 5 percent? b) What is the present value of each of these cash flow streams if the discount rate is 15 percent? c) Which of these Investments would you choose? Create your Original Solution Below - Be sure to show all calculations and clearly indicate answers
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