Investment X offers to pay you $4700 per year for 9 years whereas Investment Y offers to pay you $6400 per year for 5 years.
If the discount rate is 8 percent what is the present value of these cash flows? (Enter rounded answers as directed but
do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g. 32.16).)
(Click to select) Investment Y Investment X
If the discount rate is 20 percent what is the present value of these cash flows? (Enter rounded answers as directed but
do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g.
32.16).)
(Click to select) Investment X Investment Y