a. What is the amount of the annuity purchase required if you wish to recelve a fixed payment of $300,000 for 25 years? Assume that the annuity will eain 12 percent per year b. Calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 25 -year annulty is $1 million and the annuity eams a guaranteed annual return of 12 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 25 -year annuity is $1 million and the annulty eams a guaranteed annual return of 12 percent. The payments are to begin at the end of six years. (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g. 32.16))