A lottery winner was offered a payment of $45,000 for 25 years or a lum-sum payment of $600,000. She could invest the cash flows at 5 percent. What should she do? She should be indifferent between these two options She should take the lump-sum because it is valued at $600,000 She should take the annuity because it is valued at $634,228 She should take the annuity because it is valued at $1,125,000