Imagine you have a winning lottery ticket that states that you have the option of taking $10,000 three years from now (three periods) or taking the present value of the winnings now. The state uses an 8% rate of discounting. If you take the winnings now, how much would you receive? A) $25,771.00 B) $12,597.10 C) $7,938.30 D) $7,950.00 University just signed a capital lease contract for new equipment that requires rental payments of $6,000 each, to be paid at the end of the next 5 years. The appropriate discount rate is 12%, what is the present value of the rental payments? A) $53,179.50 B) $38,117.10 C) $36,000.00 D) $21,628.68