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You have a choice between a lottery lump sum payout of $10,000,000 today or a series of twenty-five annual annuity payments (first payment one year

You have a choice between a lottery lump sum payout of $10,000,000 today or a series of twenty-five annual annuity payments (first payment one year from today). At a discount rate of 6.50%, how large must the annual annuity payments be to make you indifferent between the two choices? 12) ______ A) $400,000.00 B) $769,779.17 C) $873,102.77 D) $819,814.81

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