A 2021 advertisement in the New Yorker solicited offers on a 1967 Mercury Cougar XR7 (Motor Trend's 1967 car of the year) that had been stored undriven in a climate-controlled environment for those 54 years. If the original owner paid $4000 for this car in 1967 , what price would he have to receive in 2021 to obtain a 10 percent annual return on his investment? Round to the nearest dollar. Your Answer: Answer Question 3 (10 points) A "million-dollar" lottery pays $25,000 at the end of the year for 40 years ($25,00040= $1M). At a 10 percent required return, what is the present value of this payoff using annual compounding? Answer to the nearest dollar. Your