Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require the same initial investment. Investment XInvestment Y Year 1 $ 7,000 $10,000 Year 2 8,000 9,000 Year 3 9,000 8,000 Year 4 10,000 7,000 Total $34,000 $34,000 Required: Compute the present value of the cash inflows for each investment using a 5% discount rate. (Round final answers to the nearest dollar amount.) Investment X Investment Y Present Value of Cash Flows -9174 -8268