Annual cash flows from two competing investment opportunities are given. Each investment opportunity will require the same initial investment. (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 1. Assuming a 16% interest rate, which investment opportunity would you choose? to three decimal places, X.XXX. Round intermediary computations and your final answer to the nearest whole dollar.) The present value of investment opportunity A is The present value of investment opportunity B is Data table Present Value of $1 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c} \hline Periods & 4% & 5% & 6% & 7% & 8% & 10% & 12% & 14% & 16% \\ \hline & & & & & & & & & \\ \hline Period 1 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.909 & 0.893 & 0.877 & 0.862 \\ \hline Period 2 & 0.925 & 0.907 & 0.890 & 0.873 & 0.857 & 0.826 & 0.797 & 0.769 & 0.743 \\ \hline Period 3 & 0.889 & 0.864 & 0.840 & 0.816 & 0.794 & 0.751 & 0.712 & 0.675 & 0.641 \\ \hline Period 4 & 0.855 & 0.823 & 0.792 & 0.763 & 0.735 & 0.683 & 0.636 & 0.592 & 0.552 \\ \hline Period 5 & 0.822 & 0.784 & 0.747 & 0.713 & 0.681 & 0.621 & 0.567 & 0.519 & 0.476 \\ \hline Period 6 & 0.790 & 0.746 & 0.705 & 0.666 & 0.630 & 0.564 & 0.507 & 0.456 & 0.410 \\ \hline Period 7 & 0.760 & 0.711 & 0.665 & 0.623 & 0.583 & 0.513 & 0.452 & 0.400 & 0.354 \\ \hline Period 8 & 0.731 & 0.677 & 0.627 & 0.582 & 0.540 & 0.467 & 0.404 & 0.351 & 0.305 \\ \hline Period 9 & 0.703 & 0.645 & 0.592 & 0.544 & 0.500 & 0.424 & 0.361 & 0.308 & 0.263 \\ \hline Period 10 & 0.676 & 0.614 & 0.558 & 0.508 & 0.463 & 0.386 & 0.322 & 0.270 & 0.227 \\ \hline Period 11 & 0.650 & 0.585 & 0.527 & 0.475 & 0.429 & 0.350 & 0.287 & 0.237 & 0.195 \\ \hline Period 12 & 0.625 & 0.557 & 0.497 & 0.444 & 0.397 & 0.319 & 0.257 & 0.208 & 0.168 \\ \hline Period 13 & 0.601 & 0.530 & 0.469 & 0.415 & 0.368 & 0.290 & 0.229 & 0.182 & 0.145 \\ \hline Period 14 & 0.577 & 0.505 & 0.442 & 0.388 & 0.340 & 0.263 & 0.205 & 0.160 & 0.125 \\ \hline Period 15 & 0.555 & 0.481 & 0.417 & 0.362 & 0.315 & 0.239 & 0.183 & 0.140 & 0.108 \\ \hline Period 17 & 0.513 & 0.436 & 0.371 & 0.317 & 0.270 & 0.198 & 0.146 & 0.108 & 0.080 \\ \hline \end{tabular} Present Value of Ordinary Annuity of $1 \begin{tabular}{|l|c|c|c|c|c|c|c|c|c|} \hline Periods & 4% & 5% & 6% & 7% & 8% & 10% & 12% & 14% & 16% \\ \hline & & & & & & & & & \\ \hline Period 1 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.909 & 0.893 & 0.877 & 0.862 \\ \hline Period 2 & 1.886 & 1.859 & 1.833 & 1.808 & 1.783 & 1.736 & 1.690 & 1.647 & 1.605 \\ \hline Period 3 & 2.775 & 2.723 & 2.673 & 2.624 & 2.577 & 2.487 & 2.402 & 2.322 & 2.246 \\ \hline Period 4 & 3.630 & 3.546 & 3.465 & 3.387 & 3.312 & 3.170 & 3.037 & 2.914 & 2.798 \\ \hline Period 5 & 4.452 & 4.329 & 4.212 & 4.100 & 3.993 & 3.791 & 3.605 & 3.433 & 3.274 \\ \hline Period 6 & 5.242 & 5.076 & 4.917 & 4.767 & 4.623 & 4.355 & 4.111 & 3.889 & 3.685 \\ \hline Period 7 & 6.002 & 5.786 & 5.582 & 5.389 & 5.206 & 4.868 & 4.564 & 4.288 & 4.039 \\ \hline Period 8 & 6.733 & 6.463 & 6.210 & 5.971 & 5.747 & 5.335 & 4.968 & 4.639 & 4.344 \\ \hline Period 9 & 7.435 & 7.108 & 6.802 & 6.515 & 6.247 & 5.759 & 5.328 & 4.946 & 4.607 \\ \hline Period 10 & 8.111 & 7.722 & 7.360 & 7.024 & 6.710 & 6.145 & 5.650 & 5.216 & 4.833 \\ \hline Period 11 & 8.760 & 8.306 & 7.887 & 7.499 & 7.139 & 6.495 & 5.938 & 5.453 & 5.029 \\ \hline Period 12 & 9.385 & 8.863 & 8.384 & 7.943 & 7.536 & 6.814 & 6.194 & 5.660 & 5.197 \\ \hline Period 13 & 9.986 & 9.394 & 8.853 & 8.358 & 7.904 & 7.103 & 6.424 & 5.842 & 5.342 \\ \hline Period 14 & 10.563 & 9.899 & 9.295 & 8.745 & 8.244 & 7.367 & 6.628 & 6.002 & 5.468 \\ \hline Period 15 & 11.118 & 10.380 & 9.712 & 9.108 & 8.559 & 7.606 & 6.811 & 6.142 & 5.575 \\ \hline Period 16 & 11.652 & 10.838 & 10.106 & 9.447 & 8.851 & 7.824 & 6.974 & 6.265 & 5.668 \\ \hline Period 17 & 12.166 & 11.274 & 10.477 & 9.763 & 9.122 & 8.022 & 7.120 & 6.373 & 5.749 \\ \hline Period 18 & 12.659 & 11.690 & 10.828 & 10.059 & 9.372 & 8.201 & 7.250 & 6.467 & 5.818 \\ \hline \end{tabular}