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 $22 million You have three options (a) Receive $1.1 million per year for the next 20 years.. (b) Have $8.5 million today. (c) Have $2.5 million today and receive $800,000 for each of the next 20 years. Your financial adviser tells you that it is reasonable to expect to earn 14 percent on investments Required: 1. Calculate the present value of each option (Euture Value of $1. Present Value of $1, Euture Value Annuity of $1. Present Value Annuity of $1) (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.) Option A Option B Option C Present Value 2. Determine which option you prefer O Option C O Option A O Option B