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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 1 $ 3,000 $1,000 $ 5,000 2 4,000 1,000 5,000 3 5.000 1,000 (5,000) 4 (6,000) 1,000 (5,000) 5 6,000 6,000 (Click on the icon in order to copy its contents into a spreadsheet.) 15,000 What is the present value of each of these three investments if the appropriate discount rate is 12 percent

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