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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
| 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 |
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| Total | $22,000 | $22,000 |
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The discount rate is 12%.
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| Compute the present value of the cash inflows for each investment. Each investment opportunity will require the same initial investment. (Use Microsoft Excel to calculate present values. Do not round intermediate calculations.)
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