o Annual cash flows from two competing Investment opportunities are given. Each investment opportunity will require the same initial investment, Click the icon to view the competing investment opportunities.) Click the icon to view the Present Value of $1 tablo. Click the icon to view the Present Value of Annuity of $1 table.) Requirement 1. Assuming a 7% interest rate, which investment opportunity would you choose? Begin by computing the present value of each investment opportunity. (Assume that the annual cash fows occur at the end of each year. If using present value tables, use factor amounts rounded to three decimal places, X.XXX Round intermediary computations and your final answer to the nearest whole dollar) The prenent value of investment opportunity Als The present value of Investment opportunity Bis Investment opportunity should be chosen because the present value of cash flows is than the present value of investment opportunity O A x Data Table es the e er to is Investment A Investment B Big Year 1 $ 5,000 $ 9,000 seci Year 2 9,000 ht valu 9,000 13,000 Year 3 9,000 S Total 27,000 $ 27,000 Print Done Present Value of $1 7% 8% Periods 4% 5% 6% 10% 12% 14% 16% Period 1 0.962 0.952 Period 2 0.925 0.907 Period 3 0.889 0.864 Period 4 0.855 0.823 Period 5 0.822 0.784 Period 6 0.790 0.746 Period 7 0.760 0.711 Period 8 0.731 0.677 Period 9 0.703 0.645 Period 100.676 0.614 Period 11 0.650 0.585 Period 12 0.625 0.557 Period 13 | 0.601 0.530 Period 14 0.577 0.505 Period 150.555 0.481 Period 16 0.534 0.458 Period 17 0.513 0.436 Period 18 0.494 0.416 Period 19 0.475 0.396 Period 200.456 0.377 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.935 0.873 0.816 0.763 0.713 0.666 0.623 0.582 0.544 0.508 0.475 0.444 0.415 0.388 0.362 0.339 0.317 0.296 0.277 0.258 0.926 0.857 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 0.429 0.397 0.368 0.340 0.315 0.292 0.270 0.250 0.232 0.215 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 0.350 0.319 0.290 0.263 0.239 0.218 0.198 0.180 0.164 0.149 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 0.183 0.163 0.146 0.130 0.116 0.104 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 0.308 0.270 0.237 0.208 0.182 0.160 0.140 0.123 0.108 0.095 0.083 0.073 0.862 0.743 0.641 0.552 0.476 0.410 0.354 0.305 0.263 0.227 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 0.051 Present Value of Ordinary Annuity of $1 6% 7% 8% 10% 12% Periods 4% 5% 14% 16% pre th ou of of nity Inity Period 1 0.962 0.952 Period 2 1.886 1.859 Period 3 2.775 2.723 Period 4 3.630 3.546 Period 5 4.452 4.329 Period 6 5.242 5.076 Period 7 6.002 5.786 Period 8 6.733 6.463 Period 9 7.435 7.108 Period 10 8.111 7.722 Period 11 8.760 8.306 Period 12 9.385 8.863 Period 13 9.986 9.394 Period 14 10.563 9.899 Period 15 11.11810.380 Period 16 11.652 10.838 Period 17 12.166 11.274 Period 18 12.659 11.690 Period 19 13.134 12.085 Period 20 13.590 12.462 0.943 1.833 2.673 3.465 4.212 4.917 5.582 6.210 6.802 7.360 7.887 8.384 8.853 9.295 9.712 10.106 10.477 10.828 11.158 11.470 0.935 1.808 2.624 3.387 4.100 4.767 5.389 5.971 6.515 7.024 7.499 7.943 8.358 8.745 9.108 9.447 9.763 10.059 10.336 10.594 0.926 1.783 2.577 3.312 3.993 4.623 5.206 5.747 6.247 6.710 7.139 7.536 7.904 8.244 8.559 8.851 9.122 9.372 9.604 9.818 0.909 1.736 2.487 3.170 3.791 4.355 4.868 5.335 5.759 6.145 6.495 6.814 7.103 7.367 7.606 7.824 8.022 8.201 8.365 8.514 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 5.938 6.194 6.424 6.628 6.811 6.974 7.120 7.250 7.366 7.469 0.877 1.647 2.322 2.914 3.433 3.889 4.288 4.639 4.946 5.216 5.453 5.660 5.842 6.002 6.142 6.265 6.373 6.467 6.550 6.623 0.862 1.605 2.246 2.798 3.274 3.685 4.039 4.344 4.607 4.833 5.029 5.197 5.342 5.468 5.575 5.668 5.749 5.818 5.877 5.929 - intl Print Done