A financial company that advertises on television will pay you $47,000 now for annual payments of $7,000 that you are expected to receive for a legal settlement over the next 9 years. Use Exhibit 1-D. a. What is the present value of the annual payment if you estimate the time value of money at 7 percent? (Round your PV factor to 3 decimal places and final answer to the nearest whole dollar.) Present value b. Should you accept this offer? No Yes