Your father's employer was just acquired, and he was given a severance payment of $382,173, which he invested at a 7.5% annual rate. He now plans to retire, and he wants to Withdraw 535.000 at the end of each year, starting at the end of this year. How many years will it take to exhaust his funds, le. run the account down to zero 22.50 23.63 24.81 26.05 2735 You have a chance to buy an annuity that pays 3522.50 at the beginning of each year for 3 years. You could earn 55 on your money in other investments with equal risk. What is the most you should pay for the annuity? 51,412 84 $1,487.20 51.565.48 11.725.94 What is the present value of the following cash flow stream at a rate of 12.0%? Years 0 1 2 3 Cash flows $0 $1,500 $3,000 $4,500 $5,155.04 $ 9,699 $10,210 $10,747 $11,284 $11,849