Investment X offers to pay you $$7,500$ per year for $9$ years, whereas Investment Y offers to pay you $$10,200$ per year for $5$ years.

a$.$ If the discount rate is $6$ percent, what is the present value of these cash flows?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ If the discount rate is $22$ percent, what is the present value of these cash flows?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

a$.$ Present value of Investment X at $6$ percent

Present value of Investment Y at $6$ percent

b$.$ Present value of Investment X at $22$ percent

Present value of Investment Y at $22$ percent