Score: 0 of 1 pt 12 of 12 5 complete HW Score: 50%, 6 of 12 pts P4-31 (similar to) Question Help 0 Lottery. Your dreams of becoming rich have just come true. You have won the State of Tranquility Lottery. The State offers you two payment plans for the $1,000,000 dvertised jackpot. You can take a payment of $25.000 at the end of the year for the next 40 years or $244.476 today a your investment rate over the next 40 years is 11%, which payoff will you choose? b. If your investment rabe over the next 40 years is 0%, which payoll will you choose? c. Al what investment rate wil the annuity stream of $25,000 bere me as the lumpsum payment of $244.4707 a. If your investment rate over the next 40 years ia 11%what is the present value of the $25,000 anual payments today? (Round to the nearest dollar)