Investmont $x$ offers to pary you $$6,500$ per year for $9$ yoars, whereas investment $Y$ affers to paiy you $$8,900$ per year for $5$ years.

n$.$ If the discoumt rate is $5$ percent, what is the present walue of these cash flows? Note: Do mat round intermediote colculations and round your answers to $2$ decimal pinces, e$.$g$.,32\mathrm{.}15.$

b$.$ If the discount rate is $23$ percent, what is the present value of these cash tlows?

Nete: Do not round intermecliote calculations ond round your nnswers to $2$ decimel places, e$.$g$.,32\mathrm{.}16.$