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

Investment Alternatives
End of Year	A		B		C
1	$	12,000			$	12,000
2		12,000
3		12,000
4		12,000
5		12,000	$	12,000
6				12,000		60,000
7				12,000
8				12,000
9				12,000
10				12,000		12,000

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Assuming an annual discount rate of

24

percent, find the present value of each investment.

a. what is the present value of investment A at an annual discount rate of 24 percent?

b. Investment b at 24 percent

c. investment c at 34 percent.

**please post solution