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Cally has a required return of 12.8% while Roxanne has a required return of 6.5%. Sally is willing to pay up to $1,000 to purchase

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Cally has a required return of 12.8% while Roxanne has a required return of 6.5%. Sally is willing to pay up to $1,000 to purchase Annuity C, while Roxanne is willing to pay up to $1,000 to purchase Annuity R. If both annuities make equal annual payments for the next five years, what do you know about the size of the payment for Annuity C versus Annuity R? Annuity payment C > Annuity payment R Annuity payment C

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