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 $28 million. You have three options (a) Receive 31.4 million per year for the next 20 years. b) Have $10 million today (a) Have $4 million today and racaive $1, 100,000 for cach 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 S1. Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in dollars, not in millions.) Present Value Option A Option B Option C 2. Determine wwhich option you prefer O Option A Option C OptionB