Abbi is receiving an insurance payout and has a choice of the following when money is worth 3.5% compounded annually: Option 1$7000 per year paid at the end of each year for 7 years Option 2$17000 paid now, \$22 000 paid 5 years from now, and $6000 paid 7 years from now What is the PV of Option 1? a. $43014 b. $44300 c. $42802 d. $45023 Abbi is receiving an insurance payout and has a choice of the following when money is worth 3.5% compounded annually: Option 1 $7000 per year paid at the end of each year for 7 years Option 2$17000 paid now, \$22 $000 paid 5 years from now, and $6000 paid 7 years from now What is the PV of Option 2? a. $23239 b. $22344 c. $40351 d. $40239 Abbi is receiving an insurance payout and has a choice of the following when money is worth 3.5% compounded annually: Option 1$7000 per year paid at the end of each year for 7 years Option 2$17000 paid now, $22000 paid 5 years from now, and $6000 paid 7 years from now Which payout should Abbi choose? 1= Option 1 2 = Option 2 Please choose an option using these coded numbers. a. 1 b. 2 c. Calculation is within the margin of error; no decision can be made