Elizabeth Brown, a lottery winner, will receive the following payments over the next seven years. She has been approached by an investor who will pay Elizabeth a lump sum today for the rights to those future cash flows. If she can invest her cash flows in a fund that will earn 9.8 percent annually, how much should Elizabeth require the investor to pay for the cash flows? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) 1 2 3 4 5 6 Year $448,000 $498,000 $523,000 $548,000 $598,000 $648,000 $ 798,000 Present value of investment