After heaning a knock at your front door, you are surpnsed to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big winner, having won $31 million You have three options: 0. Recelve $1.55 million per year for the next 20 years. b. Have $10.75 million today. c. Have $2.5 million today and recelve $1,250,000 for each of the next 20 years. Your financial advisen telis you that it is reasonable to expect to earn 14 percent on investments Required: 1. Calculate the present value of each option. (Future Value of S1. Present Value of S1. Future Value Annuty of \$1. Present Value Annuly of Si.) 2. Determine which option you prefer: Complete this question by entering your answers in the tabs below. Calculate the present value of each option. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar. Enter your answers in dollars, not in millions. After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big winner, hoving won $31 mililion. You have three options: 0. Recelve $1.55 million per year for the next 20 years. b. Have $10.75 million today. c. Have $2.5 million today and recetve $1,250,000 for each of the next 20 years. Your financial adviser telis you that it is reasonable to expect to earn 14 percent on investments. Required: 1. Calculate the present value of each option. (Future Value of S1. Present Volue of \$1. Euture Value Annuity of S1, Present Vailue Annulty of $1. . 2. Determine which option you prefer. Complete this question by enterino your answers in the tabs below. Determine which option you prefer