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

Investment
End of Year	A		B		C
1	$	17,000			$	22,000
2		17,000
3		17,000
4		17,000
5		17,000	$	17,000
6				17,000		66,000
7				17,000
8				17,000
9				17,000
10				17,000		22,000

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Assuming an annual discount rate of 18 percent, find the present value of each investment.

A. What is the present value of investment A at an annual discount rate of 18%?

$_________(round to the nearest cent)

B. What is the present value of investment B at an annual discount rate of 18%?

$_________(round to the nearest cent)

C. What is the present value of investment C at an annual discount rate of 18%?

$_________(round to the nearest cent)