(Related to Checkpoint 6.6) (Present value of annuities and complex cash flows) You are given three investment alternatives to analyze the cash flows from these three investments are as follows: Investment Alternatives B $ 16,000 OWN End of Year 1 2 3 4 5 6 7 8 $ 16,000 16,000 16,000 16,000 16.000 80,000 $ 16,000 16,000 16,000 16,000 a. What is the present value of investment A at an annual discount rate of 19 percent? (Round to the nearest cent)