1. Sharon kabana has won a state lottery and will recieve a payment of $81,000 every year, starting today, for the next 20 years. Is she invests the proceeds at a rate of 5.11 percent, what is the present value of the cash flows that she will receive? ( round factor values to 4 decimals, e.g. 15212 and final answer to the nearest whole dollar)
2. Predict new trends in finance as applied to cost of rating drops, refinanced liabilities, restructured long term notes, working capital draws, and other new financing methods becoming more important in today’s economic environment.