Investments X and Y expect to pay the same future cash flows of $1000 at the end of each year in the following three years. The discount rate for the cash flows of investment X is 3% and for the cash flows of investment Y is 4%. Given this information, which of the following statements is true? (see picture)

A The present value of cash flows in investment is higher than the present of cash flows in investment OB The present value of cash flows in investment is equal to the present value of cash flows in investment The present value of cash flows in investment is lower than the present of cash flows in menty OD The present values of cash flows in investments X and Y cannot be compared given the information provided