The prize in last week's Florida lottery was estimated to be worth $35 million. If youwere lucky enough to win, the state will pay you $1.75 million per year over the next 20years. Assume that the first installment is received immediately.a.If interest rates are 8 percent, what is the present value of the prize? b.If interest rates are 8 percent, what is the future value after 20 years?c.How would your answers change if the payments were received at the end of each year