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(Present value of an uneven stream of payments) You are given three investment alternatives to analyze. The cash flows from these three investments are

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(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: Investment End of Year 1 2 3 4 5 A B C $ 1,000 $1,000 $ 5,000 2,000 1,000 5,000 3,000 1,000 (5,000) (4,000) 4,000 1,000 (5,000) 4,000 15,000 (Click on the icon in order to copy its contents into a spreadsheet.) 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.)

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