I he capital budgeting process requires four steps to complete. (1) Finding new Investment opportun Evaluation and decision making; and (4) Reevaluation and adjustment to plans as necessary. True O False QUESTION 3 0.4 poi On his way home from work, Bill Harris was listening to the radio, which reminded him of the large Lotto Jackpot that night. So, Bill bought a ticket and won the jackpot of $50 million. Bill will be paid in 20 annual installments of $2 5 million. If Bill had selected the "cash value option", and the prevailing interest rate was 6%, his lump-sum payment would be: (Hint, present value of $2 5 million over 20 periods, using a 6% rate) O A. $15.6 million O B. $28.7 million O C $19. 1 million O D. Not enough information provided OE No answers are correct