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Year Cash Flow WN 1 2 3 4 $ 570 430 840 1,230 2. Present Value and Multiple Cash Flows Investment X offers to pay

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Year Cash Flow WN 1 2 3 4 $ 570 430 840 1,230 2. Present Value and Multiple Cash Flows Investment X offers to pay you $3,100 per year for 9 years, whereas Investment Y offers to pay you $4,800 per year for 5 years. Which of these cash flow streams has the higher present value if the discount rate is 6 percent? If the discount rate is 22 percent

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