a.What is the present value of investment A at an annual discount rate of 1212 percent? $nothing(Round to the nearestcent.) b.What is the present value of investment B at an annual discount rate of 1212 percent? $nothing(Round to the nearestcent.) You are given three investment alternatives to analyze. The cash flows from these three investments are asfollows:

End of Year	A	B	C
1	$3,000	$3,000	$4,000
2	4000	3000	4000
3	5000	3000	(4,000)
4	-6000	3000	(4,000)
5	6000	7000	14000

a.What is the present value of investment A at an annual discount rate of 12percent? (Round to the nearestcent.)

b.What is the present value of investment B at an annual discount rate of 12percent?(Round to the nearestcent.)