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2 of 49 (0 complete) This Test: 150 pts po.. his Question: 4 pts Gloria Ammon has just won the state lottery and has the

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2 of 49 (0 complete) This Test: 150 pts po.. his Question: 4 pts Gloria Ammon has just won the state lottery and has the following three payout options for after-tax prize money 1. $60,000 per year at the end of each of the next six years 2. $314,000 (lump sum) now 3. S504,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the third option. (Round to nearest whole dollar.) Present value of $1 8% 9% 10% 0.926 0.9170.909 0.857 0.8420.826 0.794 0.772 0751 3 O A. $300,384 B. S95360 OC. $92,000 O D $254,000

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