End of Year A B C
1 $11,000 $16,000
2 11,000
3 11,000
4 11,000
5 11,000 $11,000
6 11,000 $48,000
7 11,000
8 11,000
9 11,000
10 11,000 16,000
a. What is the present value of investment A at an annual discount rate of 23 ?percent?
b. What is the present value of investment B at an annual discount rate of 23 percent?
c. What is the present value of investment C at an annual discount rate of 23%? Round to nearest cent.