Problem 4-12 Present Value and Multiple Cash Flows Investment X offers to pay you $4,350 per year for nine years, whereas Investment Y offers to pay you $6,900 per year for five years. a. Calculate the present value for Investments X and Y if the discount rate is 5 percent (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the present value for Investments X and Y if the discount rate is 22 percent. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Amount a. Investment X Investment Y b. Investment X Investment Y