Lisa Anderson a lottery winner, will receive the following payments over the next seven years

Lisa Anderson a lottery winner, will receive the following payments over the next seven years. She has been approached by an investor who will pay Lisa a lump sum today for the rights to those future cash flows. If she can invest her cash flows in a fund that will earn 9.9 percent annually, how much should Lisa require the investor to pay for the cash flows? (Round answer to 2 decimal places, eg. 15.25. Do not round factor values.) 1 2 S Year $202,000 $252,000 $277.000 $302,000 $352,000 $402,000 $552.000 Present value of investment $
Chris Anderson, a professional athlete, currently has a contract that will pay him a large amount in the first year of his contract and smaller amounts thereafter. He and his agent have asked the team to restructure the contract. The team, though reluctant, obliged. Chris and his agent came up with a counteroffer. Year 1 2 Current Contract $7.456,000 $3,277.000 $2.702,000 $1,625,000 Team's Offer $3,653,440 $3,440,850 $3,836,840 $3,493,750 Counteroffer $4,846,400 $6,783,390 $3,620,680 $2,502,500 (a) What is the present values of Current Contract using a 14 percent discount rate? (Round answer to 2 decimal places, eg. 15.25. Do not round factor values.) Present value