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

Investment A Investment B

1 $ 5,000 $8,000

2 6,000 7,000

3 7,000 6,000

4 8,000 5,000

Total $26,000 $26,000

The discount rate is 13%. Use Excel or a financial calculator to solve the homework. Round answers to the nearest dollar. Required: Compute the present value of the cash inflows for each investment. Each investment opportunity will require the same initial investment.