a) PV for option 1 and oprtion 2

b) with 11 % PV for option 1 and option 2

Current Attempt in Progress -14 Paul has just won the Flyball Lottery. He has two options for receiving his prize. The first option is to accept a $133,000 cash payment today. The second option is to receive $19,500 at the end of each of the next 19 years and a $37,500 lump sum payment in the 20th year. Paul can invest money at a 8% rate. Click here to view the factor table. (a) Calculate the present value of the two options. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971.) Option 1 Option 2 Present value $ Which option should Paul choose to receive his winnings? (b) If Paul could invest money at 11%, calculate the present value of the two options. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, e.g. 58,971.) Option 1 Option 2 Present value Which option should he choose