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You won the lottery, and have two options: (a) a payment of $50 million today, or (b) $60 million over time. If you take the

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You won the lottery, and have two options: (a) a payment of $50 million today, or (b) $60 million over time. If you take the option of $50 million today, you plan to put the money into bank account that yields 2.5%. If you take the payout over time, it is as if you are giving them the $50 million today so that they will give you twenty total payments of $3 million each year, starting today (i.e., you get your first payment in year zero). Use IRR analysis to determine the equivalent yield option b, and compare that to your other alternative to decide which of the two options is best from the perspective of highest interest rate In addition to printing out your spreadsheet, briefly write a supporting explanation. Don't just explain what is in each column, but ratheexplain your solution as though you were telling which one is best to someone who didn't yet know much about cost analysis or the time value of money

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