2. Play-2-Win is the latest lottery game in your country, and you happen to be the latestwinner of $2.5 million. Your government has a guarantee on the funds and will not bepaid before 10 years from today. You can however sell your claim today at a rate of 6percent for a lump sum cash payment. What is the least amount you will sell yourclaim?3. Assume you will receive $2,000 a year in Years 1 through 5, $3,000 a year in years 6through 8, and $4,000 in year 9 with all cash flows to be received at the end of the year.If you require a return of 14 percent annually, what is the present value of these cashflows?