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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 $ 2,000 3,000 4,000 (5,000) 5,000 $3,000 3,000 3,000 3,000 7,000 $ 4,000 4,000 (4,000) (4,000) 14,000 2 4 What is the present value of each of these three investments if the appropriate discount rate is 11 percent

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