Exercise 13A-1 Basic Present Value Concepts [LO13-7) Annual cash inflows that will arise from two competing investment projects are given below: Year 1 2 3 Investment A $ 5,000 6,000 7,000 8,000 $ 26,000 Investment B $ 8,000 7,000 6,000 5,000 $ 26,000 The discount rate is 9%. Click here to view Exhibit 13B-1 and Exhibit 13B-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 initial investment. (Round discount factor(s) to 3 decimal places.) Present Value of Cash Flows Investment A Investment B Year