Question. 3 A) Investment X offers to pay you $4200 per year for eight years, whereas Investment Y offers to pay you $6100 per year for five years. Which of these cash flow streams has the higher present value if the discount rate is 5 per cent? If the discount rate is 15 per cent? (10 marks) B) Indooroopilly Bank charges 13.1 per cent compounded monthly on its business loans. Indy United Bank charges 13.4 per cent compounded semiannually. As a potential borrower, which bank would you go to for a new loan? (10 marks)