1. $150,000 per year at the end of each of the next six 2. $304,000 (lump sum) now 3. $500,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the first option. (Round your answer to the nearest whole dollar.) Present value of an ordinary annuity of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 4 3.312 3.240 3.170 5 3.993 3.890 3.791 6 4.623 4.486 4.355 7 5.206 5.033 4.068 Present value of $1 8% 9% 10% 1 0.926 0.917 0.909 2 0.057 0.042 0.826 3 0.794 0.772 0.751 4 0.735 0.708 0.683 5 0.601 0.650 0.621 6 0.630 0.596 0.564 7 0.583 0.547 0513 $750,000 $454,000 $450,050 $672,900