Exercise 14A-1 (Static) Basic Present Value Concepts [LO14-7] Annual cash inflows that will arise from two competing investment projects are given below: Year 1 2 3 4 Investment A Investment B $ 3,000 $ 12,000 6,000 9,000 9,000 6,000 12,000 3,000 $ 30,000 $30,000 The discount rate is 18%. 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