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help The $61.2 million lottery payment that you just won actually pays $3.6 million per year for 17 years. If the discount rate is 22.20%

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The $61.2 million lottery payment that you just won actually pays $3.6 million per year for 17 years. If the discount rate is 22.20% and the first payment comes in 1 year. a. What is the present value of the winnings? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) b. What is the present value of the winnings, if the first payment comes immediately? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

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