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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

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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, having won $33 million. You have three options: a. Receive $1.65 million per year for the next 20 years b. Have $1125 milion today c. Have $3 million today and receive $1,350,000 for each of the next 20 years Your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments Required: 1. Calculate the present value of each option (Euture Value of \$1. Present Value of \$1. Future Value Annuity of \$1, Present. Value Annuity of \$1) 2. Determine which option you prefer. Complete this question by entering your answers in the tabs below. Caloulate the present value of each option. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of S1.) 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

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