5 a. What is the amount of the annuity purchase required if you wish to receive a fixed payment of $200,000 for 20 years? Assume that the annuity will earn 10 percent per year b. Calculate the annual cash flows (annuity payments) from a fixed payment annuity if the present value of the 20 year annuity is 51 million and the annuity earns a guaranteed annual return of 10 percent The payments are to begin at the end of the current year c. Calculate the annual cash flows (annuity payments) from a foed-payment annuity if the present value of the 20 year annuity is 51 million and the annuity earns a guaranteed annual return of 10 percent. The payments are to begin at the end of five years, (For all requirements, do not round intermediate calculations, Round your answers to 2 decimal places, (0.9., 32-16)) Answer is complete but not entirely correct. a 5 b Present value Annual cash flows Annual cash flows 1.702712.74 117.45962 171.972.84 C S