Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require the same initial investment Year 1 Year 2 Year 3 Year 4 Investment Xinvestment Y $ 8,000 $ 11,000 9,000 10,000 10,000 9,000 11,000 8,000 Total $38,000 $38,000 Required: Compute the present value of the cash inflows for each investment using a 8% discount rate. (Round final answers to the nearest dollar amount.) Present Value of Cash Flows Investment x $ Investment Y $ A