Homework: 6-1 MyFinanceLab Assignment Save Score: 0 of 4 pts 9 of 12 (0 complete) HW Score: 0%, 0 of 50 pts P6-28 (similar to) Question Help (Related to Checkpoint 6.2) (Present value of annuity payments) The state lottery's million-dolar payout provides for $1.5 million to be paid in 20 installments of $75,000 per payment. The first S75.000 payment is made immediately, and the 19 remaining $75,000 payments occur at the end of each of the next 19 years. If 11 porcent is the discount rate, what is the present value of this stream af cash flows? If 22 percent is the discount rate, what is the present value of the cash flows? a. If 11 percent is the discount rate, the present value of the annuity due is $7 (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer 1 part Ternaining Cear Al Dear Al Check