After completing a long and successful career as senior vice president for a large bank, you are preparing for retirement. After visiting the human resources office, you have found that you have several retirement options to choose from: An immediate cash payment of $1.16 million. Payment of $54,000 per year for life. Payment of $44,000 per year for 5 years and then $64,000 per year for life (this option is intended to give you some protection against inflation). You believe you can earn 6 percent on your investments and your remaining life expectancy is 10 years. Required: Calculate the net present value of each option. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in dollars but not in millions. Round the final answer to nearest whole dollar.)