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 $ 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 12% discount rate. (Round final answers to the nearest dollar amount.) Present Value of Cash Flows Investment X $ Investment Y $ $