All answers must be in formula form. Thank you!

Investment X offers to pay you $4,700 per year for eight years, whereas Investment Y offers to pay you $6,700 per year for five years. Which of these cash flow streams has the higher present value if the discount rate is 5 percent? If the discount rate is 15 percent? Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. Value of X at 15% Value of Y at 15%