Question: Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require the same initial investment. Investment XInvestment Y Year 1

 Annual cash inflows from two competing investment opportunities are given below.

Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require the same initial investment. Investment XInvestment Y Year 1 $ 8,000 $ 11,000 Year 2 9,000 10,000 Year 3 10,000 9,000 Year 4 11,000 8,000 Total $38,000 $38,000 Required: Compute the present value of the cash inflows for each investment using a 7% discount rate. (Round final answers to the nearest dollar amount.) Present Value of Cash Flows $ $ 28,706 Investment X Investment y

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