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 asfollows:

Investment

End of Year A B C

1 $3000 $3000 $6000

2 4000 3000 6000

3 5000 3000 (6000)

4 (6000) 3000 (6000)

5 6000 7000 16,000

What is the present value of each of these three investments if the appropriate discount rate is 15 percent?

A) What is the present value of Investment A at an annual discount rate of 15%

B) What is the present value of Investment B at an annual discount rate of 15%

C) What is the present value of Investment C at an annual discount rate of 15%