(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: (see attachment)

What is the present value of each of these three investments if the appropriate discount rate is 16%?

a. What is the present value of it of investment A at an annual discount rate of 16%? $_____.

b. What is the present value of the investment B at an annual discount rate of 16%? $______.

c. What is the present value of investment C at an annual discount rate of 16%? $______.

Investment End of Year $ 1,000 2,000 3,000 (4,000) 4,000 $1,000 1,000 1,000 1,000 3,000 $ 5,000 2 5,000 (5,000) (5,000) 15,000 5