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 $ 8,000 $ 11,000 Year 2 9,000 10,000 Year 3 10,000 9,000 Year 4 11,000 8,000 Total $38,000 $38,000 Click here to view Exhibit 11B-1, to determine the appropriate discount factor(s) using tables. Required: Compute the present value of the cash inflows for each investment using a 13% discount rate. (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.) Present Value of Cash Flows $ $ Investment X Investment Y