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After hearing a knock at your front door, you are surprised to see the Prize Patrol from your states 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 states online lottery agency, Upon opening your door, you learn you have won the lottery of $174 million. You discover that you have three options (1) you can receive 51.74 million per year for the next 11 years, (2) you can have $15.3 million today, or (3) you can have $4.9 million today and receive $145 million for each of the next years. Your lawyer tell you that it is reasonable to expect to com an annual return of 10% on Inwestments Required: 1. What is the present value of the above options? (EVS1 PV 51. EVAS), and PVA of 3) (Use the appropriate factor) from the tables provided. Enter your answers in whole dollar netin millions , 1000,000 not 103.) Option 1 Option 2 Option $ 3 11.301400 15.300.000 2. Which option do you prefer? Option 1 Option 2 Option 3

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