Question 8 of 20 View Policies Current Attempt in Progress Dorothy Taylor, a lottery winner, will receive the following payments over the next seven years. She has been approached by an investor who will pay her a lump sum today for the rights to those future cash flows. If she can invest her cash flows in a fund that will earn 11.30 percent annually, how much should Dorothy require the investor to pay for the cash flows? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) Present value of investment $ eTextbook and Media (2) Q 46 esc F1 F2 F4 :.- F5 1 @ 1 2 # % 26

Dorothy Taylor, a lottery winner, will receive the following payments over the next seven years. She has been approached by an investor who will pay her a lump sum today for the rights to those future cash flows. If she can invest her cash flows in a fund that will earn 11.30 percent annually, how much should Dorothy require the investor to pay for the cash flows? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.)