Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require the same initial investment. Year 1 Year 2 Year 3 Year 4 Investment Investment Y $ 1,000 $ 4,000 2,000 3,000 3,000 2,000 4,000 1,000 Total $10,000 $10,000 Required: Compute the present value of the cash inflows for each investment using a 11% discount rate. (Round final answers to the nearest dollar amount.) Present Value of Cash Flows $ $ Investment X Investment y