A real estate company is attempting to market three real estate investments. The forecasted cash flows and acquisition costs (at time zero) are shown below.

Year	A	B	C
1	0	3,500,000	15,000,000
2	0	5,000,000	-3,500,000
3	18,000,000	12,500,000	12,000,000
Costs	10,000,000	14,500,000	14,500,000

a. What is the present value (rounded to the nearest peso) at j1 = 12% on Investment A using single rates?

b. what is the present value (rounded to the nearest peso) at j1 = 8% on Investment B using single rates?

c. what is the present value (rounded to the nearest peso) at j1 = 10% on Investment C using single rates?

d. if the reinvestment rate is j1 = 3.5%, what is the present value (rounded to the nearest peso) at j1 = 6% on Investment A using single rates?

e. if the reinvestment rate is j1 = 12%, what is the present value (rounded to the nearest peso) at j1 = 9% on Investment B using single rates?