The item that causes the greatest and most immediate effect on a company's stock price will generally be a. cash on hand. . dependent on the industry in which the company operates. c. the company's solvency. d. earnings per share announcements. QUESTION 8 Use your tables to answer question Suppose you have a winning lottery ticket and you are given the option of accepting $3,000,000 three years from now or taking the present value of the $3,000,000 now. The sponsor of the prize uses a 5% discount rate. If you elect to receive the present value of the prize now, the amount you will receive is a. $2,591,520. b. $3,000,000 C. $2,670,000 d. $2,518,860