After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazne subscription company It has arrived with the good news that you are the bg winner, having won $20 million. You have three options (a) Receive $1 million per year for the next 20 years (b) Have $B million today (c) Have $2 million today and receive $700,000 for each of the next 20 years Your financial adviser tells you that it is reasonable to expect to earn 12 percent on investments Required: 1. Calculate the present value of each option (Future Vakue of $1 provided. Enter your answers in dollars but not in millions. nt Yalue Annuity.of $ 1) (Use appropriate factorfs) from the tables 2. Determine which option you prefer O Option A O Option B O Option C eBook & Resources