(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 $ 14,000 2 3 4 OVO AWN- A $ 14,000 14,000 14,000 14,000 14,000 6 70,000 $ 14,000 14,000 14,000 14,000 14,000 a. What is the present value of investment A at an annual discount rate of 18 percent? $ (Round to the nearest cent.) b. What is the present value of investment B at an annual discount rate of 18 percent? $ (Round to the nearest cent.) c. What is the present value of investment C at an annual discount rate of 18 percent? $ (Round to the nearest cent.)