b. what is the present value of investment B at an annual discount rate of 18 percent?

c. what is the present value of investment C at an annual discount rate of 18 percent?

(Related to Checkpoint 6.6) (Present value of annuities and complex cash flows) You are given three investment alternatives to analyze. The cash flows from these three investments are as follows: Investment Alternatives End of Year A B C 1 $ 19,000 $ 19,000 2 19,000 3 19,000 4 19,000 5 19,000 $ 19,000 6 19,000 95,000 7 19,000 8 19,000 a. What is the present value of investment A at an annual discount rate of 18 percent