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 2000 1000 4000

2 3000 1000 4000

3 4000 1000 (4000)

4 (5000) 1000 (4000)

5 5000 3000 14000

What is the present value of each of these three investments if the appropriate discount rate is 9 percent?