The caldwell herald newspaper reported the following story: frank ormsby of caldwell is the state’s newest millionaire. by choosing the six winning numbers on last week’s state lottery, mr. ormsby has won the week’s grand prize totaling $1.12 million. the state lottery commission has indicated that mr. ormsby will receive his prize in 20 annual installments of $56,000 each. click here to view exhibit 11b-1 and exhibit 11b-2, to determine the appropriate discount factor(s) using tables. required: 1. if mr. ormsby can invest money at a 8% rate of return, what is the present value of his winnings? (use the appropriate table to determine the discount factor(