(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 1 $17,000 $17,000 2 17,000 3 17,000 4 17,000 5 17,000 $17,000 6 17,000 85,000 7 17,000 8 17,000 a. What is the present value of investment A at an annual discount rate of 19 percent? (Round to the nearest cent.)