Annual cash inflows that will arise from two competing investment projects are given below Investment Investment Year A 3,000 6,000 9,000 12,000 12,000 9,000 6,000 3,000 1 2 3 4 $30,000 $30,000 Total The discount rate is 18%. Required: Compute the present value of the cash inflows for each investment. Each investment opportunity will require the same initial investment. (Use Microsoft Excel to determine Present Values. Do not round intermediate calculations.) Amount of Cash Present Value of Cash Flows Flows Investment Investment Investment Investment Year A A B $ $12,000 1 3,000 6,000 $ 9,000 2 9,000 $ 3 6,000 12,000 $ 4 $ 3,000 Annual cash inflows that will arise from two competing investment projects are given below Investment Investment Year A 3,000 6,000 9,000 12,000 12,000 9,000 6,000 3,000 1 2 3 4 $30,000 $30,000 Total The discount rate is 18%. Required: Compute the present value of the cash inflows for each investment. Each investment opportunity will require the same initial investment. (Use Microsoft Excel to determine Present Values. Do not round intermediate calculations.) Amount of Cash Present Value of Cash Flows Flows Investment Investment Investment Investment Year A A B $ $12,000 1 3,000 6,000 $ 9,000 2 9,000 $ 3 6,000 12,000 $ 4 $ 3,000