At the Tuesday night league bowl, your bowling buddies, Bob and Bobbie Bobbitt (B3), told you that they had won a $4,000,000 million lottery jackpot and were going to claim the prize later that week. On bowling night the following week, B3 were bummed when they told you that when they went to claim their prize, the net after-tax lump sum distribution amount to be paid was only $2,261,430.30. B3 said that the lottery official explained that the $4,000,000 referred to a series of 20 annual payments of $200,000 beginning immediately, not a lump sum. The official also explained that they were required to deduct 20% of the lump sum payout for Federal Income Tax before making the distribution. You have been telling B3 how much you enjoy the course Fundamentals of Corporate Finance. Therefore, B3 thought you might be able to help them understand how their $4,000,000 winning became only $2,261,430.30. How would you explain this to B3? This requires at least two computations to answer. SHOW YOUR WORK