Problem 7-08 A company has two investment possibilities, with the following cash inflows: Investment Year 1 Year 2 Year 3 $1,600 1,900 2,300 $1,400 1,400 1,400 If the firm can earn 6 percent in other investments, what is the present value of investments A and B? Use Appendix B and Appendix D to answer the question. Round your answers to the nearest dollar. PV (Investment A): $ PV (Investment B): $ If each investment costs $4,000, is the present value of each investment greater than the cost of the investment? The present value of investment A is greater than the cost. The present value of investment B is less than the cost