Question 3 (of 21) value: 3.84 points Investment X offers to pay you $3,700 per year for nine years, whereas Investment Y offers to pay you $5,500 per year for five years. Requirement 1: (a) If the discount rate is 6 percent, what is the present value of these cash flows? (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Present value Investment X Investment Y S Which of these cash flow streams has the higher present value at 6 percent? (b) (Click to select) Requirement 2: (a) If the discount rate is 22 percent, what is the present value of these cash flows? (Entor rounded answers as directed, but do not use rounded numbers in intermediate calculations.Round your answers to 2 decimal places (e.g., 32.16).) Present value Investment X Investment Y (b) Which of these cash flow streams has the higher present value 22 percent? (Click to select)