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?(Related to Checkpoint? 6.6)???(Present value of annuities and complex cash flows?)You are given three investment alternatives to analyze. The cashflows from these three investments are as? follows:Investment AlternativesEnd of YearABC1?$16,000?$16,0002??16,0003??16,0004??16,0005??16,000?$16,000??6??16,00080,000716,000816,000916,0001016,00016,000Assuming an annual discount rate of 22 ?percent, find thepresent value of each investment.a.??What is the present value of investment A at an annualdiscount rate of 22 percent????(Round to the nearest? cent.)b.??What is the present value of investment B at an annualdiscount rate of22 ?percent????(Round to the nearest? cent.)c.??What is the present value of investment C at an annualdiscount rate of 22 ?percent???(Round to the nearest? cent.)