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 $39 million. You have three options ) Receive $1.95 million per year for the next 20 years b) Have $12.75 million today (o) Have $2.75 million today and receive $1,650,000 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. ( 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, not in millions.) Present Value Option A Option B Option C 2. Determine which option you prefer 0 Option C OOption A O Option B