Problem 9-16 Present value [LO9-3] Carrie Tune will receive $30,000 for the next 11 years as a payment for a new song she has written. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. What is the present value of these payments if the discount rate is 14 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value b. Should she be willing to sell out her future rights now for $167,000? Yes O No