Question: Problem 5-2 Present Value and Multiple Cash Flows (LO 11 Investment X offers to pay you $6,100 per year for 9 years, whereas Investment Y

Problem 5-2 Present Value and Multiple Cash Flows
Problem 5-2 Present Value and Multiple Cash Flows (LO 11 Investment X offers to pay you $6,100 per year for 9 years, whereas Investment Y offers to pay you $8,400 per year for 5 years. If the discount rate is 7 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.. 32.16) Present Value $ Investment X Investment Y if the discount rate is 23 percent, what is the present value of these cash flows? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) Present Value Investment Investment Y $

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