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

End of Year A B C

1 $3,000 $3,000 $6,000

2 4,000 3,000 6,000

3 5,000 3,000 (6,000)

4 -6,000 3,000 (6,000)

5 6,000 5,000 16,000

What is the present value of investment A at an annual discount rate of 12 percent? $ ___________(Round to the nearestcent.)

b.What is the present value of investment B at an annual discount rate of 12 percent? $_______(Round to the nearestcent.)

c.What is the present value of investment C at an annual discount rate of 12 percent? $_____________(Round to the nearestcent.)