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2. Kristina just won the lottery, and she must choose among three award options, She can elect to receive a lump sum today of $62

2. Kristina just won the lottery, and she must choose among three award options, She can elect to receive a lump sum today of $62 million, to receive 10 end-of-year payments of $9 5 million, or to receive 30 end-of-year payments of $5.6 million. a. If she thinks she can earn 7% annually, which should she choose? b. If she expects to earn 8% annually, which is the best choice? c. If she expects to earn 9% annuallv. which option would you recommend?

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