Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require the same initial investment. Investment Investment X Y Year 1 $ 1,000 $ 4,000 Year 2 2,000 3,000 Year 3 3,000 2,000 Year 4 4,000 1,000 ces Total $10,000 $10,000 Required: Compute the present value of the cash inflows for each investment using a 9% discount rate. (Round final answers to the nearest dollar amount.) Present Value of Cash Flows $ $ Investment X Investment Y