Problem 6-2 Present Value and Multiple Cash Flows [LO 1] Investment X offers to pay you $4,500 per year for 9 years, whereas Investment Y offers to pay you $6,600 per year for 5 years. If the discount rate is 6 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present value Investment Investment y If the discount rate is 16 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present value Investment Investment y