(Present value) The state lottery's million-dollar payout provides for $2 million(s) to be paid over 24 years in payments of $80,000. The first payment is made immediately, and the 24 remaining payments occur at the end of each of the next years. If 9 percent is the appropriate discount rate, what is the present value of this stream of cash flows? If 18 percent is the appropriate discount rate, what is the present value of the cash flows?

If 9 percent is the appropriate discount rate, what is the present value of this stream of cash flows?

what is the present value of this stream of cash flows? If 18 percent is the appropriate discount rate, what is the present value of the cash flows? a. If 9 percent is the appropriate discount rate, what is the present value of this stream of cash flows? (Round to the nearest cent.)