Exercise 12A-1 Basic Present Value Concepts [LO12-7] Annual cash inflows that will arise from two competing investment projects are given below: The discount rate is 12%. Click here to view and Exhibit 12B-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 init. investment. Answer is complete but not entirely correct