12. (Present value of an uneven stream of payments) You are given three investment alternatives to analyze. The cash flows from these three investments are as follows: End of Year 2 $ 2,000 3,000 4,000 (5,000) 5,000 Investment B $1,000 1,000 1,000 1,000 4,000 $ 4,000 4,000 (4,000) (4,000) 14,000 4 5 What is the present value of each of these three investments if the appropriate discount rate is 9 percent? a. What is the present value of investment A at an annual discount rate of 9 percent? $ (Round to the nearest cent.) b. What is the present value of investment B at an annual discount rate of 9 percent? $ (Round to the nearest cent.) c. What is the present value of investment C at an annual discount rate of 9 percent? EA (Round to the nearest cent.)