Q 10 You are the State Treasurer and have oversight over the Massachusetts state lottery. An administrator from Tufts Medical Center (who has a really adorable son) just won the $16 million dollar jackpot which is to be paid as $1 million dollars each year for the next 16 years. You need to calculate the lump sum payout assuming a cost of capital of 5%. Since you work for the lottery you. want to maximize the lottery profits. What is the largest lump sum amount you would offer for a payout today? Select one: O a. 10,837,770 O b. 5,075,700 c. 10,998,472 O d. 7,329,600