Please answer the attached questions.

12. Present Value and Multiple Cash Flows Investment X offers to pay you $3,900 per ear for nine years, whereas Investment Y vears. Which of these is 5 p offers to pay you $6,100 per year for five cash flow streams has the higher present value if the discount rate ercent? If the discount rate is 22 percent? 13. Calculating Annuity Present Value An investment offers $5,650 per year for 15 years, with the first payment occurring one year from now. If the required return is 8 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? For 75 years? Forever? Calculating Perpetuity Values an investment policy that will pay you and your heirs $12,000 per year forever. If the required return on this investment is 4.7 percent, how much will you pay for the policy? 14 The Perpetual Life Insurance Co. is trying to sell you Suppose the Perpetual Life Insurance Co. told you the policy costs $275,000. At what interest rate would this be a fair deal? 15. Calculating EAR Find the EAR in each of the following cases EAR APR Number of Times Compounded 67% 12.4 9.8 8.4 Quarterly Monthly Daily Infinite