Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Exercise 10-2A (Algo) Determining the present value of a lump-sum future cash receipt LO 10-1 Larry Mattingly turned 20 years old today. His grandfather had established a trust fund that will pay him $85.000 on his next birthday However, Larry needs money today to start his college education, and his father is willing to help. Mr. Mattingly has agreed to give. Larry the present value of the $85.000 future cash inflow, assuming a 8 percent rate of return. (PV of S1 and EVA of S1) (Use appropriate factor(s) from the tables provided.) Required a. Determine the amount of cash that Larry Mattingly's father should give him. (Round your final answer to the nearest whole dollar value.) Cash Answer is complete but not entirely correct. S 78,710 Return to question