(Time allowance estimation: 7 minutes) You have won a swepstake that gives you forty annual installments of $2,000 with the first one received today. If the annual discounting rate is 8%, what is the present value (today) of these cash flow installments? For TVM excel file, click here If instead the PV tables are preferred, click here. Use 4 digits in your calculations and 2 digits in your answer. 1) $21,207.10 2) $22,396.67 3) $736,583.63 4) $23,451,13 5) $25,757.14 6) $23,896.51 7) $111,529.02 8) $19,900.13