text Find the present value of 4 annual payments of $80 per annum where the first payment is made 1 year from now. So there are 4 annual payments from t=1 to t=4 inclusive. The discount rate is 11% pa. The present value of these payments is: Question 9 Select one: a. $727.27 b. $248.2 c. $223.6 d. $195.5 e. $27.3