8.00 points You did not receive full credit for this question in a previous attempt E11-6 Comparing Options Using Present Value Concepts [LO 11-s1 After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrlved with the good news that you are the blg winner, having won $24 mllon You have three options. Receive S1.2 mllior per year for the next 20 years. b) Have $9 million today (c) Havc $3 million today and receivc $900,000 for cach of the next 20 years. Your financial adviser tells you that it is reasonable to expect to eam 13 percent on investments. Required: 1. 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.) (Use appropriate factor(s) from the tables provided. Enter your answers in dollars, not in millions.) Present Value Option A Option B Option C S 9,000,000