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 $37 million. You have three options: (a) Receive $1.85mil1 ion per year for the next 20 years. (b) Have $12.25 million today. (c) Have $2.25 million today and recelve $1,550,000 for each of the next 20 years. Your financial 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: Annuity of \$1.) (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.)