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You have just won the Georgia Lottery with a jackpot of $8,000,000. Your winnings will be paid to you in 26 equal annual installments with the first payment made immediately. If you feel the appropriate annual discount rate is 10%, what is the present value of the stream of payments you will receive?

1) $2,517,145.94 2) $2,818,752.45 3) $2,914,590.04 4) $3,100,627.70 5) $3,780,905.41

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92259721

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