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 XInvestment Y $ 7,000 $ 10,000 8,000 9,000 9,000 8,000 10,000 7,000 Total $34,000 $34,000 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 A A