(Present value of annuities and complex cash flows) You are given three investment alternatives to analyze. The cash flows from these three investments are asfollows:

P6-49 (similar to) ' Investment 1 $15,000 $ 20,000 2 15,000 3 15,000 4 15,000 5 15,000 $15,000 6 15,000 60,000 7 15,000 8 15.000 9 15.000 10 15,000 20,000 a. What is the present value of investment A at an annual discount rate of 23 percent? $|:| (Round to the nearest cent.)