(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 1 2 3 4 5 A $ 3,000 4,000 5,000 (6,000) 6,000 Investment B $1,000 1,000 1,000 1,000 3,000 $ 6,000 6,000 (6,000) (6,000) 16,000 What is the present value of each of these three investments if the appropriate discount rate is 16 percent? a. What is the present value of investment A at an annual discount rate of 16 percent? (Round to the nearest cent.)