Problem 6-2 Present Value and Multiple Cash Flows [LO 11 Investment X offers to pay you $4,500 per year for 9 years, whereas Investment Y offers to pay you $6,600 per year for 5 years. If the discount rate is 6 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.) Investment X Investment y Present value $ 30,607.62 $ 27,801.60 If the discount rate is 16 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 $ 23,977.00 $ 23,791.52 Investment y Problem 0-2 Present value and multiple casn rows LLU TJ Investment X offers to pay you $4,500 per year for 9 years, whereas Investment Y offers to pay you $6,600 per year for 5 years. If the discount rate is 6 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.) Answer is complete and correct. Present value Investment X $ 30,607 62 Investmenty $ 27,801.60 If the discount rate is 16 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.) Answer is not complete. Present value Investment X Investment