Question 9 2 pts The firm you work for has decided to begin paying a pension to its retiring employees. It believes that the annual payment made to all retired employees will be $2 million per year. Since the firm is a going concern, management assumes that the pension obligation will continue forever. Given that interest rates are currently 10% compounded annually, how much will the firm have to invest today to make the proposed pension payments? Assume that the first payment will be due immediately. $20,000,000 $24,000,000 $18,000,000 $22,000,000 Question 10 2 pts Which one of the following capital budgeting approaches displays the greatest bias toward short-term projects? Payback period rule Internal rate of return Dividend discount model Net present value