S06-02 Present Value and Multiple Cash Flows [LO1] Investment X offers to pay you $4,200 per year for eight years, whereas Investment Y offers to pay you $6,100 per year for five years. a. Calculate the present value for Investment X and Y if the discount rate is 5 percent. (Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.) b. Calculate the present value for Investment X and Y if the discount rate is 15 percent. (Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)

answer; according to the ( irs );

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answer; by looking at total product,marginal product,and changes in both after changes in inputs