Assume that Sonic Foundry Corporation has a contractual debt outstanding. Sonic has wailable two ineans of settlement. It can either make immediate payment of $1,979,000, or it can make anmual payments of $270,300 for 15 years, each payment due on the last day of the vear. Click here to view factor tables. Which inethod of payment do vou recommend, aswuming an espected effective interest rate of 11 \& during the future period? (Round foctor values to 5 decimal ploces, es 1.25124 and final answer to 0 decimal ploces, es: 45a,581.) Present value of annual payments Recommended payment method