Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require the same initial investment. Investment X Investment Y Year 1 $4,000 $ 7,000 Year 2 5,000 6,000 Year 3 6,000 5,000 Year 4 7,000 4,000 Total $22,000 $22,000 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