7) Another pleasant fellow emails to inform you that you have won a Swiss lottery. You can take your winnings in a lump sum of $2,000,000 or receive annual end of year payments of $105,000 for 30 years. Assuming that your money can earn 3% a year, what is the value of the annual annuity stream option? (round to the nearest dollar)

Compute a final numerical answer for each of the following problems. Youshould work out your solutions on loose leaf paper in an organized manner so that when I post the solutionkey, you can determine why answers that you missed were incorrect. This will allow you to LEARN fromany mistakes so you to not repeat these on the Final Exam (which is worth 35% of your grade in this class).Unless instructed otherwise on a question, round all dollar answers to 2 decimal places, record IRR valuesas a percent rounded to 2 decimal places, round payback period or profitability index values to 1 decimalplace, and record WACC values as a percent rounded to 2 decimal places.USE THE TABLE BELOW TO ANSWER THE FOLLOWING THREE (3) QUESTIONSYear Project A Cash Flows ($s) Project B Cash Flows ($s) Project C Cash Flows ($s)0 -100,000 -700,000 -2,350,0001 25,000 180,000 2,500,0002 20,000 150,000 2,500,0003 30,000 190,000 2,500,0004 25,000 140,0005 25,000 140,0006 20,000The payback period for Project A is…

please help me solve this question, it is saying this is the wrong answer. thanks! please answer with steps computation explanation do that I can understand the whole process no copy paste

6. I need help with formulas