Annual cash flows from two competing investment opportunities are given. Each investment opportunity will require the same initial investment at the end of each year (Click the icon to view the competing investment opportunities.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of Annuity of $1 table.) Requirement Assuming a 12% interest rate, determine the investment opportunity that should be chosen. Assuming a 12% interest rate, determine the investment opportunity that should be chosen. Begin by computing the present value of each investment opportunity. (Round your answers to the nearest whole dollar.) The present value of investment opportunity A is $ Competing investment opportunities \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline 1 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.909 & 0.893 & 0.877 & 0.862 \\ \hline 2 & 0.925 & 0.907 & 0.890 & 0.873 & 0.857 & 0.826 & 0.797 & 0.769 & 0.743 \\ \hline 3 & 0.889 & 0.864 & 0.840 & 0.816 & 0.794 & 0.751 & 0.712 & 0.675 & 0.641 \\ \hline 4 & 0.855 & 0.823 & 0.792 & 0.763 & 0.735 & 0.683 & 0.636 & 0.592 & 0.552 \\ \hline 5 & 0.822 & 0.784 & 0.747 & 0.713 & 0.681 & 0.621 & 0.567 & 0.519 & 0.476 \\ \hline 6 & 0.790 & 0.746 & 0.705 & 0.666 & 0.630 & 0.564 & 0.507 & 0.456 & 0.410 \\ \hline 7 & 0.760 & 0.711 & 0.665 & 0.623 & 0.583 & 0.513 & 0.452 & 0.400 & 0.354 \\ \hline 8 & 0.731 & 0.677 & 0.627 & 0.582 & 0.540 & 0.467 & 0.404 & 0.351 & 0.305 \\ \hline 9 & 0.703 & 0.645 & 0.592 & 0.544 & 0.500 & 0.424 & 0.361 & 0.308 & 0.263 \\ \hline 10 & 0.676 & 0.614 & 0.558 & 0.508 & 0.463 & 0.386 & 0.322 & 0.270 & 0.227 \\ \hline 11 & 0.650 & 0.585 & 0.527 & 0.475 & 0.429 & 0.350 & 0.287 & 0.237 & 0.195 \\ \hline 12 & 0.625 & 0.557 & 0.497 & 0.444 & 0.397 & 0.319 & 0.257 & 0.208 & 0.168 \\ \hline 13 & 0.601 & 0.530 & 0.469 & 0.415 & 0.368 & 0.290 & 0.229 & 0.182 & 0.145 \\ \hline 14 & 0.577 & 0.505 & 0.442 & 0.388 & 0.340 & 0.263 & 0.205 & 0.160 & 0.125 \\ \hline 15 & 0.555 & 0.481 & 0.417 & 0.362 & 0.315 & 0.239 & 0.183 & 0.140 & 0.108 \\ \hline 16 & 0.534 & 0.458 & 0.394 & 0.339 & 0.292 & 0.218 & 0.163 & 0.123 & 0.093 \\ \hline 17 & 0.513 & 0.436 & 0.371 & 0.317 & 0.270 & 0.198 & 0.146 & 0.108 & 0.080 \\ \hline 18 & 0.494 & 0.416 & 0.350 & 0.296 & 0.250 & 0.180 & 0.130 & 0.095 & 0.069 \\ \hline 19 & 0.475 & 0.396 & 0.331 & 0.277 & 0.232 & 0.164 & 0.116 & 0.083 & 0.060 \\ \hline 20 & 0.456 & 0.377 & 0.312 & 0.258 & 0.215 & 0.149 & 0.104 & 0.073 & 0.051 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline 1 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.909 & 0.893 & 0.877 & 0.862 \\ \hline 2 & 1.886 & 1.859 & 1.833 & 1.808 & 1.783 & 1.736 & 1.690 & 1.647 & 1.605 \\ \hline 3 & 2.775 & 2.723 & 2.673 & 2.624 & 2.577 & 2.487 & 2.402 & 2.322 & 2.246 \\ \hline 4 & 3.630 & 3.546 & 3.465 & 3.387 & 3.312 & 3.170 & 3.037 & 2.914 & 2.798 \\ \hline 5 & 4.452 & 4.329 & 4.212 & 4.100 & 3.993 & 3.791 & 3.605 & 3.433 & 3.274 \\ \hline 6 & 5.242 & 5.076 & 4.917 & 4.767 & 4.623 & 4.355 & 4.111 & 3.889 & 3.685 \\ \hline 7 & 6.002 & 5.786 & 5.582 & 5.389 & 5.206 & 4.868 & 4.564 & 4.288 & 4.039 \\ \hline 8 & 6.733 & 6.463 & 6.210 & 5.971 & 5.747 & 5.335 & 4.968 & 4.639 & 4.344 \\ \hline 9 & 7.435 & 7.108 & 6.802 & 6.515 & 6.247 & 5.759 & 5.328 & 4.946 & 4.608 \\ \hline 10 & 8.111 & 7.722 & 7.360 & 7.024 & 6.710 & 6.145 & 5.650 & 5.216 & 4.833 \\ \hline 11 & 8.760 & 8.306 & 7.887 & 7.499 & 7.139 & 6.495 & 5.938 & 5.453 & 5.029 \\ \hline 12 & 9.385 & 8.863 & 8.384 & 7.943 & 7.536 & 6.814 & 6.194 & 5.660 & 5.197 \\ \hline 13 & 9.986 & 9.394 & 8.853 & 8.358 & 7.904 & 7.103 & 6.424 & 5.842 & 5.342 \\ \hline 14 & 10.563 & 9.899 & 9.295 & 8.745 & 8.244 & 7.367 & 6.628 & 6.002 & 5.468 \\ \hline 15 & 11.118 & 10.380 & 9.712 & 9.108 & 8.559 & 7.606 & 6.811 & 6.142 & 5.575 \\ \hline 16 & 11.652 & 10.838 & 10.106 & 9.447 & 8.851 & 7.824 & 6.974 & 6.265 & 5.669 \\ \hline 17 & 12.166 & 11.274 & 10.477 & 9.763 & 9.122 & 8.022 & 7.120 & 6.373 & 5.749 \\ \hline 18 & 12.659 & 11.690 & 10.828 & 10.059 & 9.372 & 8.201 & 7.250 & 6.467 & 5.818 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|} \hline 19 & 13.134 & 12.085 & 11.158 & 10.336 & 9.604 & 8.365 & 7.366 & 6.550 & 5.877 \\ \hline 20 & 13.590 & 12.462 & 11.470 & 10.594 & 9.818 & 8.514 & 7.469 & 6.623 & 5.929 \\ \hline \end{tabular}