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CALCIATOR FULL SCREEN REINTER VERSION Problem 04 Your answer is partially correct. Try again Henry Long has just learned he has won a $511.800 prise

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CALCIATOR FULL SCREEN REINTER VERSION Problem 04 Your answer is partially correct. Try again Henry Long has just learned he has won a $511.800 prise in the lottery. The lottery has given in two options for receiving the payments (1) Henry takes all the money today, the state and federal governments will deduct tes at a rate of 47 Immediately. (2) Alternatively, the lottery offers Henry a payout of 20 qual payments of 42.500 with the first payment occurring when Henry turns in the winning ticket. Henry will be tawed on each of these payments at a rate of 239 Click here to view factocables Compute the present value of the cash flows for lump som payout. (Hound factor values to 5 decimal places. 1.0.1.25124 and Roal answer to decimal places, ... 458.581.) Lumo sum payout 271254 Assuming Henry can cam an 11 rate of return (compounded any) on any money invested during this period, compute the present of the cash flows for any payout (Round factor values to decimal ploos g. 125121 and final answer to o decimal places 458,5) Present value of any payout 31025 Which Day out option should he choose? Click if you would like to show Work for this question or

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