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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: End of Year A 1 $2,000 2 3,000 3 4,000 4 (5,000) 5 5,000 Investment B $3,000 $ 5,000 3,000 5,000 3,000 (5,000) 3,000 (5,000) 5,000 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 15 percent? a. What is the present value of investment A at an annual discount rate of 15 percent? (Round to the nearest cent.)

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