(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:

End of Year A B C

1 $2,000 $3,000 $6,000

2 3,000 3,000 6,000

3 4,000 3,000 (6,000)

4 -5,000 3,000 (6,000)

5 5,000 5,000 16,000

What is the present value of each of these three investments if the appropriate discount rate is 8 percent?

a.What is the present value of investment A at an annual discount rate of 8 percent?

$ (Round to the nearestcent.)