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

Year Investment A Investment B

$1$ $ $5,000$ $ $8,000$

$26,0007,000$

$37,0006,000$

$48,0005,000$

$ $26,000$ $ $26,000$

The discount rate is $11\%.$

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.