(Related to Checkpoint 6.6) (Present value of annuities and complex cash flows) You are given three investment alternatives to analyze. The cash flows from these three investments are as follows: Investment Alternatives B. End of Year 1 $ 12,000 A $ 12,000 12,000 12,000 12,000 12,000 3 Ovo AWN 60,000 $ 12,000 12,000 12,000 12,000 a. What is the present value of investment A at an annual discount rate of 17 percent? $ (Round to the nearest cent.)