8 After completing a long and successful career as senior vice president for a large bank, you are preparing for retirement. After visiting the human resources office, you found that you have several retirement options to choose from. 25 points a. An Immediate cash payment of $112 million. b. Payment of $62,000 per year for life. c. Payment of $52,000 per year for the first 4 years and then $72,000 per year for the remainder of your life (this option is intended to give you some protection against Inflation). You believe you can earn 10 percent on your Investments, and your remaining life expectancy is 8 years. Required: 1. Calculate the present value of each option. (Future Value of $1, Present Value of $1, Future Value Annulty of $1, Present Value Annuity of $1.) 2. Determine which option you prefer. Complete this question by entering your answers in the tabs below. Required 1 Option A Option B Option C Required 2 Calculate the present value of each option. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. Do not round intermediate calculations. Enter your answers in whole dollars, not in millions. Round the final answer to nearest whole dollar. IS S $ Answer is complete but not entirely correct. Present Value 626 X 565 X 62 X Required le Required 2 > Show less Return to question

Afer completing o long and succetsful carcer as sentor vice president for a large bank, you are preparing for retirement After vistung the human resources office, you found that you have several retirement options to choose from: a. An immediate cash payment of $112 million b. Payment of $62,000 per year for life c. Payment of $2,000 per year for the first 4 years and then $72,000 per year for the remainder of your afe cthis option is intended to give you some protection against inflation) rou believe you can earn 10 percent on your investments, and yout remaining life expectancy is 8 years. Required; Apeuity or $ is 2. Determine which option you preter Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the present value of each option, (Future Value of \$1, Present value of \$1, Future Value Annuity of \$1. Present Value Annuity of s1.) Notet Use approprate factor(s) from the tables pronded. Do not round intemedate calculations, Enter your answers in whole dotlars, not in millons. Round the final answer to nearest whole dollar