Which of the following investments has a higher present value, assuming the same (strictly positive) interest rate applies to both investments? Year 1 2 3 4 Investment X Investment Y $5,000 $11,000 $7,000 $9,000 $9,000 $11,000 $7,000 $5,000 A. Investment Y has a higher present value. B. Investment X and Investment Y have the same present value, since the total of the cash flows is the same for both. C. Investment X has a higher present value. D. No comparison can be made-we need to know the interest rate to calculate the present value