Investment $x$ offers to pay you $$5,500$ per year for $9$ years, whereas Investment $Y$ offers to pay you $$8,000$ per year for $5$ years.

Requirement $1$:

$($a$)$ If the discount rate is $8$ percent, what is the present value of these cash flows? $($Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).)$

$\backslash$table$[[,$Present value$],[$Investment $x,$$