A $1,500,000 state lottery prize is spread evenly over ten years ($150,000 a year) (Alternative 1 ), or you may take a lump distribution of $1,319,000 (Alternative 2). If you can earn 8 percent, calculate the present values of both alternatives. Use Appendix D to answer the question. Round your answers to the nearest dollar. PV( Alternative 1):$ PV( Alternative 2):$ Which alternative is better? Interest Factors for the Present Value of an Annuity of One Dollar