NPV Simes Innovations, Inc., is negotiating to purchase exclusive rights to manufacture and market a solar-powered toy car. The car's inventor has offered Simes the choice of either a one-time payment of 51,900,000 today or a series of 6 year-end payments of 5400,000 a. If Simes has a cost of capital of 13%, which form of payment should it choose? b. What yearly payment would make the two offers identical in value at a cost of capital of 13%? c. What would be your answer to parta of this problem if the yearly payments were made at the beginning of each year? d. The after-tax cash inflows associated with this purchase are projected to amount to $260,000 per year for 15 years. Will this factor change the firm's decision about how to fund the initial investment? a. If Simes has a cost of capital of 13%, the present value of the annuity is $] (Round to the nearest dollar) Enter your answer in the answer box and then click Check Answer. 5 parts Clear All Check Answer remaining