12:30 Julie has just retired. Her company' retirement benefits can be received. Under the first option, Julie sum of $131,000 immediately as her full retirement benefit. would receive $20,000 each year for thirteen years plus a lump-sum payment of $50,000 at the end of the thirteen-year period s retirement program has two options as to how would receive a lump Under the second option, she Click here to view Exhibit 88-1 and Exhibit 8B-2, to determine the appropriate discount factor(s) using tables Required 1a. Calculate the present value for the following assuming that the money can be invested at 14%. (Round discount factor(s) to 3 decimal places.) lb. If you can invest money at a 14% return, which option would you prefer