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Present Value and Multiple Cash Flows (LO1) Investment X offers to pay you $6,000 per year for nine years, whereas Investment Y offers to pay

Present Value and Multiple Cash Flows (LO1) Investment X offers to pay you $6,000 per year for nine years, whereas Investment Y offers to pay you $8,000 per year for six years. Which of these cash flow streams has the higher present value if the discount rate is 5%? If the discount rate is 22%

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