(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 End of Year A B 1 $ 16,000 C $16,000 2 16,000 3 16,000 4 16,000 5 16,000 $16,000 6 16,000 80,000 7 16,000 8 16,000 9 16,000 10 16,000 16,000 (Click on the icon in order to copy its contents into a spreadsheet.) Assuming an annual discount rate of 24 percent, find the present value of each investment. a. What is the present value of investment A at an annual discount rate of 24 percent? $ (Round to the nearest cent.)