(Present value of an uneven stream of payments?) 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 $2,000 $1,000 $4,000
2 3,000 1,000 4,000
3 4,000 1,000 (4,000)
4 -5,000 1,000 (4,000)
5 5,000 3,000 14,000
a. What is the present value of investment A at an annual discount rate of 9 ?percent?
b. What is the present value of investment B at an annual discount rate of 9 ?percent?
c. What is the present value of investment C at an annual discount rate of 9 ?percent?