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

Year	Investment A	Investment B
1	$ 4,000	$7,000
2	5,000	6,000
3	6,000	5,000
4	7,000	4,000
Total	$22,000	$22,000

The discount rate is 9%.

Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables.

Required:

Compute the present value of the cash inflows for each investment. Each investment opportunity will require the same initial investment. (Round discount factor(s) to 3 decimal places.)