earlier this week the big game lottery jackpot hit 351 million. the winner will get 13.5 million a year for 26 years with the 1st payment at time zero. but the winner will have to pay income taxes. after taxes, if there is a single winning ticket, the winner can choose a one time pay off of 114 million or 8.9 million a year for 26 years

what is the embedded rate of return associated with the two alternative modes of payoff