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 $31 million. You have three options.

After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, wellknown magazine subscription company. It has arrived with the good news that you are the big winner, having won $31 million. You have three options. (a) Receive $1.55 million per' year 'For' the next 28 years. (b) Have $18.?5 million today. (c) Have $2.5 million today and receive $1,258,888 'For' each of the next 28 years. Your nancial adviser tells 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 $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuityo_f$1.] [Use appropriate factorial from the tables provided. Round your nal answer to the nearest whole dollar. Enter your answers in dollars, not in millions.) Option A Option B Option C