(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:

What is the present value of each of these three investments if the appropriate discount rate is 11 percent?

(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 $ $ 1,000 2,000 3,000 (4,000) 4,000 $2,000 2,000 2,000 2,000 5,000 5,000 5,000 (5,000) (5,000) 15,000 What is the present value of each of these three investments if the appropriate discount rate is 11 percent