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

Assuming an annual discount rate of 23 percent, find the present value of each investment.

Part 1

a.What is the present value of investment A at an annual discount rate of 23 percent?

$__.

\begin{tabular}{lrrl} \multicolumn{4}{c}{ Investment Alternatives } \\ End of Year & A & B & C \\ 1 & $14,000 & & \\ 2 & 14,000 & & \\ 3 & 14,000 & & \\ 4 & 14,000 & & \\ 5 & 14,000 & $14,000 \\ 6 & & 14,0000 & 70,000 \\ 7 & & 14,000 & \\ 8 & & 14,000 & \\ 9 & & 14,000 & 14,000 \\ 10 & & 14,000 & \\ \hline \end{tabular}