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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 XInvestment Y Year 1
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 $ 6,000 $ 9,000 Year 2 7,000 8,000 Year 3 8,000 7,000 Year 4 9,000 6,000 Total $30,000 $30,000 Required: Compute the present value of the cash inflows for each investment using a 6% discount rate. (Round final answers to the nearest dollar amount.) Present Value of Cash Flows Investment X Investment Y
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