You are given three investment alternatives to analyze. The cash flows from these three investments are as follows:

End of Year	A	B	C
1	$3,000	$1,000	$4,000
2	4000	1000	4000
3	5000	1000	(4,000)
4	-6000	1000	(4,000)
5	6000	4000	14000

a. What is the present value of investment A at an annual discount rate of 9 percent? $____(Round to the nearest cent.)

b. What is the present value of investment B at an annual discount rate of 9 percent? $____(Round to the nearest cent.)

c. What is the present value of investment C at an annual discount rate of 9 percent? $____(Round to the nearest cent.)