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favorites bar Menagerie U 3 hen Final Parte 1 Saved Help Save & Exit Sub 1 The $580 million lottery payment that you have just won actually pays $2.9 million per year for 20 years. The interest rate is 8% o. If the first payment comes in tyear. What is the present value of the winnings? (Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 2 decimal places.) Present value 1563 b. What is the present value if the first payment comes immediately? (Do not round Intermediate calculations. Enter your answer in millions of dollars rounded to 2 decimal places) Present value