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2. Present Value and Multiple Cash Flows (L01) Investment X offers to pay you $6,000 per year for nine years, whereas Investment Y offers to

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2. Present Value and Multiple Cash Flows (L01) Investment X offers to pay you $6,000 per year for nine years, whereas Investment Y offers to pay you $8,000 per year for six years Which of these cash flow streams has the higher present value if the discount rate is 5 percent? If the discount rate is 22 percent

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