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34. Value of Annuity (5 points) A 27-year old Brandon L. just won America's Got Talent contest. His prize of $1,000,000 can be paid out

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34. Value of Annuity (5 points) A 27-year old Brandon L. just won America's Got Talent contest. His prize of $1,000,000 can be paid out as an ordinary annuity of $25,000 per year for the next 40 years. Alternatively, Brandon can take a one-time cash payout of $350,000. If Brandon can earn 4% interest per year on his money, and he is not concerned about the tax implications of either option, which option should he select and why

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