Exercise 14A-1 (Algo) Basic Present Value Concepts [LO14-7] Annual cash inflows that will arise from two competing investment projects are given below: Year Investment A Investment B 1 $ 1,000 $ 4,000 2 2,000 3,000 3 3,000 2,000 4 4,000 1,000 $ 10,000 $ 10,000 The discount rate is 11%. Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables. Required: Compute the present value of the cash inflows for each investment Present Value of Cash Flows Investment A Investment B Year 1 2 3 4 S 0 $ 0