3. Henri Martisse has offered Pinkcasso the following investment opportunity. Pinkcasso can invest $500,000 in an opportunity that will provide him (Pinkcasso) with the following payments - $180,000 in one year, $200,000 in two years and $250,000 in three years. Martisse calls it the la Opportunit de Vivre.

a. Pinkcasso can earn 10% on his investments. Calculate the present value of the opportunity.

b. How much better/worse off would Pinkcasso be if he takes the opportunity?

c. What 3-year annuity would have the same value as the opportunity offered by Martisse? (Calculate yearly payment)