1.00 points Julie has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $150,000 immediately as her full retirement benefit. Under the second option, she would receive $14,000 each year for 20 years plus a lump- sum payment of $60,000 at the end of the 20-year period. Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factors) using tables. Required: 1a. Calculate the present value for the following assuming that the money can be invested at 12%. the appropriate table to determine the discount factor(s).) Present Value of First Option Cash Flow x Discount Factor Present Value ! Lump-sum payment Present Value of Second Option Cash Flow Discount Factor Present Value Annual annuity Lump-sum payment Total present value