4. Time value of money 115 marks] As the winner of a breakfast cereal competition, you can choose among the following prizes. Rank the payments from the highest to the lowest present value. The discount rate is 5.5%. Show your workings [5 marks per calculation]. a. 20,000 annually during six years, starting one year from now b. A payment of 50,000 four years from now plus a payment of 85,000 eight years from now