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After hearing a knock at your front door, you are surprised to see the Prize Patrol from your state's online lottery agency. Upon opening your

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After hearing a knock at your front door, you are surprised to see the Prize Patrol from your state's online lottery agency. Upon opening your door, you learn you have won the lottery of $18.5million. You discover that you have three options: (t) you can receive $185 million per year for the next 10 years, (2) you can have $16.4 million today, or (3) you can have $5.6 milion today and receive $1.80 milion for each of the next 8 years. Your lawyer tells you that it is reasonable to expect to earn an annual return of 10% on investments. Required: 1. What is the present value of the above options? (EV of \$1, PV of S1. EVA of \$1, and PVA of S1) (Use the appropriate factor(s) from the tables provided. Enter your answers in whole dollar not in millions ( (.e., 1,000,000 not 1.0).) After hearing a knock at your front door, you are surprised to see the Prize Patrol from your state's online lottery agency. Upon opening your door, you learn you have won the lottery of $18.5million. You discover that you have three options: (t) you can receive $185 million per year for the next 10 years, (2) you can have $16.4 million today, or (3) you can have $5.6 milion today and receive $1.80 milion for each of the next 8 years. Your lawyer tells you that it is reasonable to expect to earn an annual return of 10% on investments. Required: 1. What is the present value of the above options? (EV of \$1, PV of S1. EVA of \$1, and PVA of S1) (Use the appropriate factor(s) from the tables provided. Enter your answers in whole dollar not in millions ( (.e., 1,000,000 not 1.0).)

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