Investment X offers to pay you $7,700 per year for 9 years, whereas Investment Y...
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Investment X offers to pay you $7,700 per year for 9 years, whereas Investment Y offers to pay you $10,600 per year for 5 years. a. If the difcount rate is 7 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b.If the discount rate is 21 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a Present value of Investment X at 7 percent Present value of Investment Y at 7 percent b. Present value of Investment X at 21 percent Present value of Investment Y at 21 percent
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