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 10% interest rate, which investment opportunity would you choose? Begin by computing the present value of each investment opportunity. (Assume that the annual cash flows occur at the end of each year. If using present value tables, use factor amounts rounded to three decimal places, X.XXX. Round intermediary computations and your final answer to the nearest whole dollar.) $ 30,987 The present value of investment opportunity A is The present value of investment opportunity B is 66716 Data table Investment A Investment B Year 1 $ $ 6,000 $ 13,000 Year 2 10,000 23,000 13,000 13,000 Year 3 $ 39,000 $ 39,000 Total Print Done Present Value of $1 Periods 4% 5% 6% 7% 8% 10% 12% 14% 16% Period 1 0.962 Period 2 0.925 Period 3 0.889 Period 4 0.855 Period 5 0.822 Period 6 0.790 Period 7 0.760 Period 8 0.731 Period 9 0.703 Period 100.676 Period 110.650 Period 12 0.625 Period 13 0.601 Period 14 0.577 Period 15 0.555 Period 16 0.534 Period 17 0.513 Period 18 0.494 Period 19 0.475 Period 20 0.456 0.952 0.907 0.864 0.823 0.784 0.746 0.711 0.677 0.645 0.614 0.585 0.557 0.530 0.505 0.481 0.458 0.436 0.416 0.396 0.377 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.935 0.873 0.816 0.763 0.713 0.666 0.623 0.582 0.544 0.508 0.475 0.444 0.415 0.388 0.362 0.339 0.317 0.296 0.277 0.258 0.926 0.857 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 0.429 0.397 0.368 0.340 0.315 0.292 0.270 0.250 0.232 0.215 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 0.350 0.319 0.290 0.263 0.239 0.218 0.198 0.180 0.164 0.149 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 0.183 0.163 0.146 0.130 0.116 0.104 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 0.308 0.270 0.237 0.208 0.182 0.160 0.140 0.123 0.108 0.095 0.083 0.073 0.862 0.743 0.641 0.552 0.476 0.410 0.354 0.305 0.263 0.227 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 0.051 Present Value of Ordinary Annuity of $1 6% 7% 8% 10% 12% Periods 4% 5% 14% 16% Period 1 0.962 0.952 Period 2 1.886 1.859 Period 3 2.775 2.723 Period 4 3.630 3.546 Period 5 4.452 4.329 Period 6 5.242 5.076 Period 7 6.002 5.786 Period 8 6.733 6.463 Period 9 7.435 7.108 Period 10 8.111 7.722 Period 11 8.760 8.306 Period 129.385 8.863 Period 139.986 9.394 Period 14 10.563 9.899 Period 15 | 11.118 10.380 Period 16 | 11.652 10.838 Period 17 12.166 11.274 Period 18 12.659 11.690 Period 19 13.134 12.085 Period 20 13.590 12.462 0.943 1.833 2.673 3.465 4.212 4.917 5.582 6.210 6.802 7.360 7.887 8.384 8.853 9.295 9.712 10.106 10.477 10.828 11.158 11.470 0.935 1.808 2.624 3.387 4.100 4.767 5.389 5.971 6.515 7.024 7.499 7.943 8.358 8.745 9.108 9.447 9.763 10.059 10.336 10.594 0.926 1.783 2.577 3.312 3.993 4.623 5.206 5.747 6.247 6.710 7.139 7.536 7.904 8.244 8.559 8.851 9.122 9.372 9.604 9.818 0.909 1.736 2.487 3.170 3.791 4.355 4.868 5.335 5.759 6.145 6.495 6.814 7.103 7.367 7.606 7.824 8.022 8.201 8.365 8.514 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 5.938 6.194 6.424 6.628 6.811 6.974 7.120 7.250 7.366 7.469 0.877 1.647 2.322 2.914 3.433 3.889 4.288 4.639 4.946 5.216 5.453 5.660 5.842 6.002 6.142 6.265 6.373 6.467 6.550 6.623 0.862 1.605 2.246 2.798 3.274 3.685 4.039 4.344 4.607 4.833 5.029 5.197 5.342 5.468 5.575 5.668 5.749 5.818 5.877 5.929