Problem $5-2$ Present Value and Multiple Cash Flows $[$LO $1]$

Investment X offers to pay you $$5,300$ per year for $9$ years, whereas Investment Y offers to pay you $$7,200$ per year for $5$ years.

If the discount rate is $7$ percent, what is the present value of these cash flows?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

If the discount rate is $21$ percent, what is the present value of these cash flows?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$