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Tom Tom Ca. has been working on rew technology. This new technology will be avalable in the near term, and the firmis CEO anticipates the

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Tom Tom Ca. has been working on rew technology. This new technology will be avalable in the near term, and the firmis CEO anticipates the first cash flow to be $300,000, received four years from today. Subsequent annual cash flows will grow at 3% in perpetuity. Calculate the value of the technology today if the fiscount rate is 10%. (Round to 2 decimals) QUESTION 14 You just won the Power Ball Lottery worth $550,000,000, Upon reading the fene print, you learn that you hwe two options Option A: take the cauh value of $266 millon today (before taxes) Opbon B: The winner is guaranteed to receive 30 grabuated payments over 29 years, the frat payment is made today. These payments wil increase by 5% per yoar und the friat payment. The fint payment, received today, equals $18,333,39333 Assuming a requend rate of retum of 10%, calculate the present value of option a. (Round 502 decmass)

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