You have just been notified that you have won the jackpot in a Canadian lottery. Canadian lotteries require to fulfill simple mathematical questions, and you successfully did this with the help of the knowledge in the MPA program. You can accept your winnings in one of the following cashflow streams. Assume you are not liable for any income taxes on the winnings. Compare the alternatives assuming a long-term average interest rate on any investments of 8%. Would your answer change if you could earn only 3% or as much as 10% interest? [In other words, compare the options using 3 different interest rates] (1) $1,050,000 per year for twelve years, first payment received a year from now. (2) $630,000 per year for twenty years, first payment received immediately, and then each subsequent payment at the end of the year. (3) $70,000 per month for the next 15 years, beginning at the end of the first month.