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Sherwin Williams will recelve $19,000 a year for the next 20 years as a result of a picture he has painted. Use ARRendix D for

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Sherwin Williams will recelve $19,000 a year for the next 20 years as a result of a picture he has painted. Use ARRendix 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 9 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Answer is complete but not entirely correct. Present value b. Should he be willing to sell out his future rights now for $166,000 ? Yes

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