ACC-650 TOPIC 6 Assignment Question 3 of 12 > -/4 View Policies Current Attempt in Progress Daniel has just won the Flyball Lottery. He has two options for receiving his prize. The first option is to accept a $134,000 cash payment today. The second option is to receive $23,400 at the end of each of the next 19 years and a $27,300 lump sum payment in the 20th year. Daniel can invest money at a 10% 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 O decimal place, e.g. 58,971.) Option 1 Option 2 Present value $ $ Which option should Daniel choose to receive his winnings? (b) If Daniel could invest money at 13%, 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 Present value $ Which option should he choose? eTextbook and Media 3. Save for later Option 2 $ Attempts: 0 of 3 used. Submit Answer