The statelottery's million-dollar payout provides for $1.4 million to be paid in 20 installments of $70,000 per payment. The first $70, 000 payment is madeimmediately, and the 19 remaining $70, 000 payments occur at the end of each of the next 19 years. If 9 percent is the discountrate, what is the present value of this stream of cashflows? If 18 percent is the discountrate, what is the present value of the cashflows?