Exercise 11A-1 Basic Present Value Concepts [LO11-5] Annual cash inflows that will arise from two competing investment projects are given below Year Investment A Investment B $4,000 5,000 6,000 $7,000 6,000 5,000 4,000 2 4 Total $22,000 22,000 The discount rate is 9% Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables Required Compute the present value of the cash inflows for each investment. Each investment opportunity will require the same initial investment. (Use the appropriate table to determine the discount factor(s).) Amount of Cash Flows Present Value of Cash Flows 9% Factor Investment Investment Investment Investment Year 4