What is the present value, when interest rates are 8 percent of a $803 payment made at the end of each year forever when the first payment is at the end of year 5? Answers should be rounded to two decimal places. Example $3.25 QUESTION 4 Project E requires an initial investment of $100,000 and the produces annual cash flows of $42,000 per year for each of the next 3 years. Project L also requires an initial investment of $100,000 and produces cash flows of $35000 in year 1, $45,000 in year 2, and $75,000 in year 3. If the discount rate is 15% and the projects are mutually exclusive Both projects should be chosen Project L should be chosen Neither project is chosen O Project E should be chosen