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Annual cash flows from two competing investment opportunities are given. Each investment opportunity will require the same initial investment. EE (Click the icon to view

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Annual cash flows from two competing investment opportunities are given. Each investment opportunity will require the same initial investment. EE (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? 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 your final answer to the nearest whole dollar.) The present value of investment opportunity A is $ and the present value of investment opportunity B is $

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