The following represents the current term structure of risk-free interest rates: 1 yr 1.99 2 yr 2.44 Term Rate (EAR %) 3 yr 2.75 Value: S (Round to the nearest cent.) Discount rate for annuity formula:%. (Round to two decimal places.) 5 yr 3.31 7 yr 3.75 10 yr 4.14 20 yr 4.96 You are considering a risk-free investment that pays $105 at the end of each of the next three years (i.e, end of years 1, 2, and 3). What is it's value (today)? What discount rate should you use if you want to value this as an annuity?