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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

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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 A 1 $ 1,000 B $2,000 2,000 2 2,000 3,000 3 2,000 4 (4,000) 2,000 5 4,000 5,000 (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 8 percent? C $ 4,000 4,000 (4,000) (4,000) 14,000

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