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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: Investment B End of Year 1 A $1,000 2 2,000 3 3,000 4 (4,000) 5 4,000 C $1,000 $ 4,000 1,000 4,000 1,000 (4,000) 1,000 (4,000) 4,000 14,000 (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 13 percent? a. What is the present value of investment A at an annual discount rate of 13 percent? (Round to the nearest cent.)

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