The state$$ lottery's million$-$dollar payout provides for $$$$3$million$($s$)$ to be paid over $24$ years in $25$ payments of $$120,000.$ The first $$120,000$ payment is made$$ immediately, and the $24$ remaining $ $120,000$ payments occur at the end of each of the next $24$ years. If $8$ percent is the appropriate discount$$ rate, what is the present value of this stream of cash$$ flows? If $16$ percent is the appropriate discount$$ rate, what is the present value of the cash$$ flows?