Investment X offers to pay you $5,900 per year for 9 years, whereas Investment Y offers to pay you $7,100 per year for 6 years. Requirement 1: (a) Assume the discount rate is 6 percent, what is the present value of these cash flows? (Do not include the dollar signs ($). Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Present value Investment X $ Investment Y $ (b) Which of these cash flow streams has the higher present value? Requirement 2: (a) Assume the discount rate is 22 percent, what is the present value of these cash flows? (Do not include the dollar signs ($). Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Present value Investment X $ Investment Y $ (b) Which of these cash flow streams has the higher present value