6. You just won the $1,000,000 jackpot of the Texas lottery. They lottery commission has asked you to choose between the next two options to receive your money. Get paid $200,000 today and $200,000 per year for the next four years, or take $800,000 today

a. If your investment opportunity cost is 8%, which alternative would you chose?

b. What about if your investment opportunity cost were 14%?