The Caldwell Herald newspaper reported the following story: Frank Ormsby of Caldwell is the state's newest milionaire. By choosing the six winning numbers on last week's state lottery, Mr. Ormsby has won the week's grand prize totaling $1.14 million. The State Lottery Commission has indicated that Mr. Ormsby will receive his prize in 20 annual installments of $57,000 each. Click here to view Exhibit 11B-1 and Exhibit 11B-2 to determine the appropriate discount factor(s) using tables Required: 1. If Mr. Ormsby can invest money at a 10% rate ott- in, what is the present value of his winnings? (Use the appropriate table to determine the discounctor(s)-) Net Present Value Net Present Value Present Valuex Factor Value