Suppose you are considering an investment that will pay $$2\mathrm{.}6$ million dollars at the beginning of each year for the next $8$ years, starting today. What is the present value of that investment worth to you, if your required rate of return is $10\mathrm{.}7\%?$

Suppose you are considering an investment that will pay $$2\mathrm{.}6$ million dollars at the beginning of each year for the next $8$ years, starting today. What is the present value of that investment worth to you, if your required rate of return is $10\mathrm{.}7\%?$

$$13\mathrm{.}52$

$$12\mathrm{.}37$

$$16\mathrm{.}12$

$$14\mathrm{.}97$