1. calculate the present value of each option

a. reveive 1.15 million per year for next 20 years

b. have 8.75 million today

c. have 2.75 million today and eevieve 850,000 for each of the next 20'years

map/index.html?_con=con&external browser =0&launchUdlehttps%253A%252F%252Fnewconnect.meducation.com%252FM/ 11 HW Saved 3 5 Oints After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big winner, having won $23 million. You have three options () Receive $1.15 million per year for the next 20 years. (b) Have $8.75 million today. (