Annual cash inflows from two competing investment projects are given below:

Year Investment A Investment B

$1$ $ $8,000$ $ $11,000$

$29,00010,000$

$310,0009,000$

$411,0008,000$

$ $38,000$ $ $38,000$

The discount rate is $7\%.$

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using tables.

Required:

Compute the present value of the cash inflows for each investment.