After hearing a knock at your front door, you are surprised to see the Prize Patrol from your state$$s online lottery agency. Upon opening your door, you learn you have won the lottery of $$19\mathrm{.}6$ million. You discover that you have three options: $(1)$ you can receive $$1\mathrm{.}96$ million per year for the next $11$ years, $(2)$ you can have $$17\mathrm{.}1$ million today, or $(3)$ you can have $$5\mathrm{.}3$ million today and receive $$1\mathrm{.}65$ million for each of the next $9$ years. Your lawyer tells you that it is reasonable to expect to earn an annual return of $10$ percent on investments.

Required:

What is the present value of the above options? $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Which option do you prefer?