P6-50 (similar to) (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 1 2 3 4 A $ 1,000 2,000 3,000 (4,000) 4,000 Investment B $1,000 1,000 1,000 1,000 4,000 C $ 6,000 6,000 (6,000) (6,000) 16,000 5 What is the present value of each of these three investments if the appropriate discount rate is 12 percent? a. What is the present value of investment A at an annual discount rate of 12 percent? (Round to the nearest cent.)