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 $ 5,000 $ 8,000 Year 2 6,000 7,000 Year 3 7,000 6,000 Year 4 8,000 5,000 Total $26,000 $26,000 Required: Compute the present value of the cash inflows for each investment using a 13% discount rate. (Round final answers to the nearest dollar amount.) Present Value of Cash Flows Investment X $ Investment y $