George Penny will receive $30,000 for the next 11 years as a payment for a slogan he coined. Currently a 14 percent discount rate is appropriate. Use Appendix D. (Round "PV Factor" to 3 decimal places. Round the final answers to the nearest whole dollar.) a-1. Calculate the present value. Present value $23078.9 a-2. Should he be willing to sell his future rights now for $247,000? O Yes No b-1. Calculate the present value if the payments will be made at the beginning of the year. Present value $0 b-2. Should he be willing to sell his future rights now for $247000, if payments will be made at the beginning of the year? No o Yes