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Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require the same initial investment. Investment Investment Y Year
Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require the same initial investment. Investment Investment Y Year 1 $ 2,000 $ 5,000 Year 2 3,000 4,000 Year 3 4,000 3,000 Year 4 5,000 2,000 Total $14,000 $14,000 Required: Compute the present value of the cash inflows for each investment using a 10% discount rate. (Round final answers to the nearest dollar amount.) Investment X Investment Y Present Value of Cash Flows +A 9562
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