Problem 3-9 Walt is evaluating an investment that will provide the following returns at the end of each of the following years: year 1. $14.400; year 2. $11,900; year 3. $9.400; year 4. $6.900; year 5, $4.400; year 6. $0, and year 7. $14,400. Walt believes that he should earn 12 percent compounded annually on this investment Required: a. How much should he pay for this investment? b. How much should he pay if he expects to earn an annual return of 9 percent compounded monthly? (For all requirements, do not round PV factors and round your other intermediate calculations and final answer to the nearest whole dollar amount.) a Value of investment at 12% b. Value of Investment at 9% Search OBE $ 53