Please show all steps with explanation.

The Caldwell Herald newspaper reported the following story. Frank Ormsby of Caldwell is the state's newest millionaire By choosi the six winning numbers on last week's state lottery, Mr Ormsby won the week's grand prize totaling $108 million. The State Lotte Commission indicated that Mr Ormsby will receive his prize in 20 annual installments of $54,000 each Click here to view Exhibit 128-1 and Exhibit 12B-2. to determine the appropriate discount factors) using tables Required: 1. If Mt Ormsby can invest money at a 10% rate of return, what is the present value of his winnings? (Enter your answer in dollars and not in millions of dollars.) Present value EXHIT 20-4 Present Value of the Ponad 4 5 % % 8% 9% 10% 1 2 164 17% 1% 20% 29. 27 28 24 25 1 0962 0952 0943 0935 0926 0917 0909 0901 0892 085 0877 0820 0857 0855 0847 084 083 0826 0820 030806 0800 2 0975 0907 0890 083 085) OBA2 0826 081 ON ON 079 0756 073 0731 078 0706 0694 063 0572 0661 0650 0640 1 0 3 0 0 0 0 Th 5 07 08 0 0 0 0 0 0 0 0 0 0 0 0 6 057 03 04 05 06 054 052 4 0855 0823 0792 0763 0735 OYO 063 0659 0536 060 0592 0572 0.552 0534 0516 0499 047 0467 0451 0437 003 0.410 5 0822 078 077 073 061 0650 0621 0593 0567 0563 0519 0497 0.476 0156 0437 049 0402 0386 0.370 0355 0.341 0.328 6 0790 0746 0705 066 0630 059 054 0535 0507 0480 0456 042 0410 0390 0.370 02 03 0.319 0300 0289 0.275 0262 7 0700 7 065 0623 053 0542 050 049 0452 0425 0400 0375 0.354 0333 0.114028 029 0263 0249 0275 0222 0210 8 0731 067 0627 0582 0540 0502 04670434 0404 0376 0351 0.327 0.305 0265 0266 029 0233 028 0204 0191 0129 0163 9 0703 0645 0992 054 050 0450 0424 0391 0361 033 0308 0284 0763 0243 0225 0.209 0.194 010 0167 0155 014 0134 100576 064 0554 OSO 0463 0422 0.386 0352 0322 0295 0270 0247 0221 0208 0191 0176 032 019 017 0126 0116 0107 11 0650 055 0527 0475 0429 0388 0.350 031 0287 0261 0237 0216 0.995 0178 0152 018 0135 003 012 033 0094 0086 12 0625 055T 0497 0444 0 397 0356 0319 0286 0257 021 0204 OM 068 0152 0137 0124 01120102 0092 003 0076 0069 130601 050 049 0415038 0326 0290 075 0729 0204 OIR056) 0450100115 01040093 004 005 006R 0061 OOSS 14 OST 0505 0442 03 0340 0299 0263 022 0205 Ott 0160 OM 09501110049 OORS ON 0069 0062 0095 0049 004 15 0555 04 041 0352 0315 0275 0739 0209 0983 090 00 023 OO 004 OM 007 0065 0057 0051 0045 006) 0035 15 054 0458 OM 0339 0797 0252 07 08 047 040173 OM 0091 OOK 007 0057 0054 0047 000 003 0037 0025 0913 0436 011 03170270 0231 01 0110 0100125019001 OORD OM 00500057 004 000 000 0000 0026 0023 We 0454 04 0350 026 0250 020 OTRO 051010 01110045 DORI 0011 000 0051 005 003 002 0028 007 0071 0019 0475 029 021 027 0232 014 0154 OUR O 0098 003 007000600051 0010037 0031 0027 0023 0020 DOIT 0014 260456 037 0312 0258 025 018 019 0124 0904 0087 007 006 0051 004) 0002 003 0026 0022 0019 005 004 0012 0439 035 024 0247 0739 018 01350100093 0077 0064 0053 0044 007 008 0076 0022 00 0045 000 0011 0009 0422 0342 021 022 0181015001301001 000 000 000 002 0032 000 000 0 005 0010011 00090007 0406 026 022 02110110 013 01120091 0034 0060 0049 00 003 0027 0022 00 0015 000 000 0000 0001 0006 0290 00 02h 047 0158 0126 052 06.20066 0053 004 0035 0028 0.02 000045 000 000 000 000 0006 0.005 S o 0164 0 0 00 00 0.069 0041 OO 0000 0024 0000 0000 0000 000 000 0005 004 0281 017 01 DUA 0000053 000 001 0176 001 000 0000 0000 000 000 000 000 000 0768901 010125 09 006 000 000 000 0023 OK 0000 0000 000 000 0004 om 007 0110090 0069 0 0020BB 002 om 001 000 000 000 000 0005 2004 O O 0000 A PRO 200 0000 HOD 400 000 LEDO 1000 2000 2000 2000 mon mon 000 9000 100 200 9200 DOO WO ISO 9000 2000 2000 2000 2000 2000 1000 5000 6000 6000 do 00 c 00 00 00 00 5000 000 0000 1000 0100 0000 0000 0000 0000 0000 m Ta l e of an annully Ar ! :- . 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