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After hearing a knock at your front door, you are surprise Enter your search term col from a large, well known magazine subscription company. It

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After hearing a knock at your front door, you are surprise Enter your search term col 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 51.65 million per year for the next 20 years. (b) Have $11.25 million 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 (Future Value of $1. Present Volue of St. Future Value Annuity of St. Present Value Anulty of $1) (Use appropriate factor(e) from the tables provided. Round your final answer to the nearest whole dollar. Enter your answers in dollars, not in millions.) Present Value Option A Option 3 Optionc 2. Determine which option you prefer

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