Present value of an annuity On January 1, you win $43,500,000 in the state lottery. The $43,500,000 prize will be paid in equal installments of $7,250,000 over six years. The payments will be made on December 31 of each year, beginning on December 31 of this year. The current interest rate is 4.5%. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet Determine the present value of your winnings. Round your answer to the nearest dollar. $ Present value of bonds payable; discount Pinder Co. produces and sells high-quality video equipment. To finance its operations, Pinder issued $29,000,000 of three-year, 7% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet Determine the present value of the bonds payable. Round your answer to the nearest dollar. $ Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 46,000 shares of cumulative preferred 1% stock, $110 par and 105,000 shares of $120 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $59,000; third year, $71,000; fourth year, $133,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet Determine the dividends per share on each class of stock for each of the four years. Round your answers to the nearest cent. If no dividends are paid in a given year, enter "0". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) $ $ $ $ II Common stock (dividends per share) $ $ $ Effect of stock split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 275,000 shares of common stock outstanding, declared a 3-for-1 stock split. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X THITHIL Open spreadsheet a. What will be the number of shares outstanding after the split? Round your answer to nearest whole number. shares b. If the common stock had a market price of $558 per share before the stock split, what would be an approximate market price per share after the split? Round your answer to the nearest dollar. $