Annual cash inflows that will arise from two competing investment projects are given below: Investment B Investment A $ 12,000 11,000 Year 1 $ 9,000 2 10,000 3 11,000 10,000 4 12,000 9,000 $ 42,000 $ 42,000 The discount rate is 7%. Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables. Required: Compute the present value of the cash inflows for each investment. Present Value of Cash Flows Year Investment A Investment B 1 234