(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 End of Year $ 17,000 2 3 A $ 17,000 17,000 17,000 17,000 17,000 4 ; 85,000 7 8 $ 17,000 17,000 17,000 17,000 17,000 9 a. What is the present value of investment A at an annual discount rate of 19 percent? $ (Round to the nearest cent.) b. What is the present value of investment B at an annual discount rate of 19 percent? $ (Round to the nearest cent.) c. What is the present value of investment C at an annual discount rate of 19 percent? $ (Round to the nearest cent.) (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 End of Year $ 17,000 2 3 A $ 17,000 17,000 17,000 17,000 17,000 4 ; 85,000 7 8 $ 17,000 17,000 17,000 17,000 17,000 9 a. What is the present value of investment A at an annual discount rate of 19 percent? $ (Round to the nearest cent.) b. What is the present value of investment B at an annual discount rate of 19 percent? $ (Round to the nearest cent.) c. What is the present value of investment C at an annual discount rate of 19 percent? $ (Round to the nearest cent.)