(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 $11,000 C $11,000 2 11,000 3 11,000 4 11,000 5 11,000 $11,000 6 11,000 55,000 7 11,000 8 11,000 9 11.000 a. What is the present value of investment A at an annual discount rate of 24 percent? (Round to the nearest cent.)