Sherwin Wiliams will receive $21,250 a year for the next 16 years as a result of a picture he has painted. 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 6 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. b. Should he be willing to sell out his future rights now for $176,000 ? Yos No