Problem 4-12 Present Value and Multiple Cash Flows Investment X offers to pay you $4,900 per year for nine years, whereas Investment Y offers to pay you $7,600 per year for five years. Calculate the present value for Investments X and Y if the discount rate is 4 percent. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present value Investment X $ Investment Y $ Calculate the present value for Investments X and Y if the discount rate is 14 percent. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present value Investment X $ Investment Y $