Assume that Sonic Foundry Corporation has a contractual debt outstanding. Sonic has available two means of settlement. It can either make immediate payment of $1,948,000, or it can make annual payments of $251,800 for 15 years. Click here to view factor tables Payments must begin now and be made on the first day of each of the 15 years, what payment method would you recommend assuming an expected effective-interest rate of 10% during the future period? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present value of annual payment $ 2258041 Recommended payment method Immediate Payment (n) Periods 8% 9% 10% 11% 12% 1.10000 1.11000 1.12000 1 1.09000 1.18810 2 1.08000 1.16640 1.25971 1.36049 1.46933 3 1.21000 1.33100 1.46410 1.61051 1.29503 1.41158 1.53862 15% 1.15000 1.32250 1.52088 1.74901 2.01136 1.23210 1.36763 1.51807 1.68506 1.25440 1.40493 1.57352 1.76234 4 5 6 1.58687 1.71382 1.85093 1.99900 2.15892 1.67710 1.82804 1.99256 2.17189 2.36736 1.77156 1.94872 2.14359 2.35795 2.59374 1.87041 2.07616 2.30454 2.55803 2.83942 1.97382 2.21068 2.47596 2.77308 3.10585 2.31306 2.66002 3.05902 3-51788 4.04556 7 8 9 10 11 12 2.33164 2.51817 2.71962 2.93719 3.17217 2.58043 2.81267 3.06581 3.34173 3.64248 2.85312 3.13843 3-45227 3.79750 4.17725 3.15176 3-49845 3.88328 4.31044 4.78459 3.47855 3.89598 4.36349 4.88711 5.47357 4.65239 5.35025 6.15279 7.07571 8.13706 13 14 15 16 3.42594 3.70002 3.99602 4.31570 4.66096 3.97031 4.32763 4.71712 5.14166 5.60441 4.59497 5.05447 5.55992 6.11591 6.72750 5-31089 5.89509 6.54355 7.26334 8.06231 6.13039 6.86604 7.68997 8.61276 9.64629 9.35762 10.76126 12.37545 14.23177 16.36654 17 18 19 20 21 22 5.03383 5.43654 5.87146 6.34118 6.84847 6.10881 6.65860 7.25787 7.91108 8.62308 7.40025 8.14028 8.95430 9.84973 10.83471 8.94917 9.93357 11.02627 12.23916 13-58546 10.80385 12.10031 13-55235 15.17863 17.00000 18.82152 21.64475 24.89146 28.62518 32.91895 23 24 25