George Penny will receive $30,250 for the next 12 years as a payment for a slogan he coined. Currently a 11 percent discount rate is appropriate. (Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.) a-1. Calculate the present value. Present value a-2. Should he be willing to sell his future rights now for $190,000 ? No Yes b-1. Calculate the present value if the payments will be made at the beginning of the year: Present value $ b-2. Should he be willing to sell his future rights now for $190,000, if payments will be made at the beginning of the year? Yes No