In 1899, the first Green Jacket Golf Championship was held. The winner's prize money was $250. In 2018, the winner's check was $2,760,000. a. What was the annual percentage increase in the winner's check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the winner's prize increases at the same rate, what will it be in 2052? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89.) a % Annual percentage increase 2052 prize money b Investment X offers to pay you $6,700 per year for 9 years, whereas Investment Y offers to pay you $9,200 per year for 5 years. a. If the discount rate is 6 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. If the discount rate is 22 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. Present value of Investment X at 6 percent Present value of Investment Y at 6 percent Present value of Investment X at 22 percent Present value of Investment Y at 22 percent b