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help The Caidwell Herald newspaper reported the following story: Frank Ormsby...

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The Caidwell Herald newspaper reported the following story: Frank Ormsby of Caldwell is the state's newest millionaire. By choosing the stx winning numbers on last week's state lottery. Mr. Ormsby won the week's grand prize totaling $116 mililon. The State Lottery Commission indicated that Mr. Ormsby wil recelve his prize in 20 annuat instatiments of $58,000 each. Click here to view Exhibit 128-1 and Exhibit128-2, to determine the appropnate discount factor(s) using tables. Required: 1. irmc. Ormsby can invest money at a 14% rate of return, what is the present value of his winnings? (Enter your answer in dollers and not in millions of dollars.)

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