3 4 Congratulations - you have just won $400 million in the lottery! One of your first decisions is whether or not to take the lump sum or payments of $20 million over 20 years. Show all work! 6 a. Compare the two payouts using Present Value calculations if you only receive 60% of the $400 million. Assume no taxes for this question and 6% interest 10 b. If the tax rate was 30%, which one is better. Use the information in Part a