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Present Value and Multiple Cash Flows. Investment X offers to pay you $3, 400 per year for nine years, whereas Investment Y offers to pay

Present Value and Multiple Cash Flows. Investment X offers to pay you $3, 400 per year for nine years, whereas Investment Y offers to pay you $5, 200 per year for five years. Which of these cash flow streams has the higher present value if the discount rate is 6 percent? If the discount rate is 22 percent

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