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(Present value of an uneven stream of payments) You are given three investment alternatives to analy cash flows from these three investments are as follows:

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(Present value of an uneven stream of payments) You are given three investment alternatives to analy cash flows from these three investments are as follows: ze. The Investment 2 End of Year $3,000 3,000 3,000 3,000 5,000 What is the present value of each of these three investments if the appropriate discount rate is 15 percent? S 2,000 3,000 4,000 (5,000) 5,000 S 4,000 2 4,000 (4,000) (4,000) 14,000 5 a. What is the present value of investment A at an annual discount rate of 15 percent? s] (Round to the nearest cent)

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