1. Prizes are often not "worth" as much as claimed. Place a value on a lottery prize of $1,000,000 which is to be received in 10 equal payments over 10 years, that is, $100,000 per year, with the first payment beginning a year from today. Assume annual interest rate of 8% over the 10 years.(hint: present value of an ordinary annuity) Question 24 (8 points) You have provided your client with a legal service worth $8,300. Your clien offers you the following cash flows instead of paying $8,300 today. Should you accept his offer if your opportunity cost is 9 percent? Year Cash Flow 1 $2,000 2 3,000 3 2,000 4 3,000 DALL