. Investments With Uneven Cash Flows. Icon Consolidated has data on two \(\$ 100,000\) investment opportunities. With only \(\$ 100,000\) in cash available, the owners must decide which is the better opportunity. The controller has gathered the following data:

Investment 1: \(\$ 30,000\) of cash inflow for each of the first three years and \(\$ 90,000\) for each of the last three years.

Investment 2: \(\$ 80,000\) of cash inflow in the first year, \(\$ 60,000\) in the next four years, and \(\$ 40,000\) in the sixth year.

\section*{Required:}

If 14 percent ROR is needed, which investment will be preferred? Why?