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 $$36$ million. You have three options:

a$.$ Receive $$1\mathrm{.}8$ million per year for the next $20$ years.

b$.$ Have $$12$ million today.

c$.$ Have $$2$ million today and receive $$1,500,000$ 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:

Calculate the present value of each option. $($Future Value of $$1,$ Present Value of $$1,$ Future Value Annuity of $$1,$ Present Value Annuity of $$1.)$

Determine which option you prefer.

Complete this question by entering your answers in the tabs below.

Calculate the present value of each option. $($Future Value of $$1,$Present Value of $$1,$ Future Value Annuity of $$1,$ Present Value Annuity of $$1.)$

Note: 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.

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$\backslash$table$[[,$Present Value$],[$Option A$,],[$Option B$,],[$Option C$,]]$

Thank you!