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.If the discount rate is 7 percent, what is the present value of these cash flows?If the discount rate is 21 percent, what is the present value of these cash flows?

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.If the discount rate is 7 percent, what is the present value of these cash flows?If the discount rate is 21 percent, what is the present value of these cash flows?

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.If the discount rate is 7 percent, what is the present value of these cash flows?If the discount rate is 21 percent, what is the present value of these cash flows?