ALL INFORMATION PROVIDED. PLEASE ANSWER ALL REQUIREMENTS PLEASE! THANK YOU!

** ALSO ANSWER: Now calculate the present value under each of the three options. (Round your answers to nearest whole dollar.) PLEASE SHOW ALL WORK

** AND: Assuming you can earn 6% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar.)

THANK YOU SO MUCH!

iData Table Option #1: $15,000,000 after five years Option #2: $2,300,000 per year for five years Option #3: $14,000,000 after three years Print Done Reference Present Value of $1 3% 14% 0.877 Periods 1% 0.990 0.980 2% 4% 5% 6% 7% 8% 9% 10% 12% 15% 16% 0.862 18% 0.847 20% 0.833 0.962 0.925 0.952 0.943 0.935 0.926 0.917 0.971 0.909 0.893 0.870 2 0.980 0.961 0.943 0.907 0.890 0.873 0.857 0.842 0.826 0.797 0.769 0.756 0.743 0.718 0.694 0.609 0.516 0.864 0.772 3 0.97 0.942 0.915 0.889 0,840 0.816 0.794 0.751 0.712 0.675 0.592 0.519 0.658 0.641 0.572 0.552 0.579 0.482 4 0.961 0.924 0.888 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.747 0.713 5 0.951 0.906 0.863 0.822 0.784 0.681 0.650 0.621 0.567 0.497 0.476 0.437 0.402 0.705 0.630 0.432 0.376 6 0.942 0.888 0.837 0.790 0.746 0.666 0.596 0.564 0.507 0.456 0.410 0.370 0.335 0.813 0.400 0.354 7 0.933 0.871 0.760 0.711 0.665 0.623 0,583 0.547 0.513 0.452 0.314 0.279 0.582 0.502 0.233 8 0.923 0.853 0.789 0.731 0.677 0.627 0.540 0.467 0.404 0.351 0.327 0.305 0.266 0.592 0.424 0.386 0.914 0.837 0.766 0.703 0.645 0.544 0.500 0.460 0.36 0.308 0.284 0.263 0.225 0.194 0.905 0.820 0.322 0.270 10 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.247 0.227 0.191 0.162 0.585 0.527 0.475 0.237 11 0.896 0.804 0.722 0.650 0.429 0.388 0.350 0.287 0.215 0.195 0.162 0.135 12 0.887 0.788 0.701 0.625 0.557 0.530 0.469 0.505 0.442 0.497 0.444 0.397 0.356 0.319 0.257 0.208 0.187 0.168 0.137 0.112 0.601 13 0.879 0.773 0.681 0.415 0.388 0.368 0.326 0.290 0.229 0.205 0.182 0.163 0.145 0.116 0.093 0.099 0.078 0.870 0.141 14 0.758 0.661 0.577 0.340 0.299 0.263 0.160 0.140 0.125 0.743 15 0.861 0.642 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.183 0.123 0.108 0.084 0.065 0.728 0.623 0.605 0.394 0.292 0.218 0.071 0.060 0.051 0.038 16 0.853 0,534 0.458 0.339 0.252 0.163 0.123 0.107 0.093 0.054 0.844 17 0.714 0.513 0.436 0.371 0.317 0.270 0.231 0.198 0.146 0.108 0.093 0,080 0.045 0.700 0.416 0.212 18 0.836 0.587 0.494 0.350 0.296 0.250 0.180 0.130 0.095 0.081 0,069 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.194 0.164 0.116 0.083 0.070 0.060 0.043 0.031 0.820 0.673 0.554 0.456 0.377 0.037 20 0.312 0.258 0.215 0.178 0.149 0.104 0.073 0.061 0.051 0.026 0.053 0.046 0.031 0.026 2- 0.811 0.660 0.538 0.439 0.359 0.294 0.242 0.199 0.164 0.135 0.093 0.064 0.044 0.022 0.522 22 0.803 0.647 0.422 0.342 0.278 0.226 0.184 0.150 0.123 0.083 0.056 0.038 0.018 23 0.795 0.634 0.507 0.406 0.326 0.262 0211 0.170 0.138 0.112 0.074 0.049 0,043 0.040 0.035 0.030 0.033 0.022 0.015 0.126 0.019 24 0.788 0.622 0.492 0.390 0.310 0.247 0.197 0.158 0.102 0.066 0.028 0.013 0.375 0.010 25 0.780 0.610 0.478 0.295 0.233 0.184 0.146 0.116 0.092 0.059 0.038 0.024 0.016 0.220 0.172 0.135 0.106 0.772 0.281 0,021 0.009 26 0.598 0.464 0.36 0.084 0.053 0.033 0,026 0.014 Print Done X Reference Future Value of $1 Periods 3% 7% 1% 2% 4% 5% 6% 8% 9% 10% 12% 14% 1.140 15% 1.040 1.090 1.150 1.010 1.020 1.030 1.050 1.060 1.070 1.080 1.100 1.120 1,166 1.020 1.040 1.061 1.082 1.103 1.124 1.145 1.188 1.210 1.254 1.300 1.323 1295 3 1.030 1.061 1.093 1.126 1,125 1.158 1.191 1225 1.260 1.331 1.405 1.482 1.521 1.216 1.360 1.749 4 1.041 1.082 1.170 1.262 1.311 1412 1464 1.574 1.689 5 1.051 1.104 1,159 1.217 1.276 1338 1.403 1469 1.539 1.611 1.762 1.925 2.011 1.062 1,126 1.265 1.340 1,677 1.974 2.195 2.502 2313 2.660 6 1.194 1419 1.501 1.587 1.772 7 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.714 1.828 1.851 1.993 1.949 2.211 1.369 1,083 1.172 1.267 1477 1.594 1.718 2.144 2.172 2358 2.367 2.476 2.853 3.059 1.838 1.999 1.967 2.159 1.689 1.094 1.195 1.305 1.423 1.551 2.773 3.252 3.518 3.707 4.046 10 1.105 1.219 1.344 1.480 1.629 1.791 2.594 3.106 2.332 2580 2.853 11 1.116 1.243 1.384 1.539 1.710 1.898 2.105 3.479 4,226 4.652 12 1.127 1.268 1.426 1.601 1.796 1.886 2.133 2410 1.980 2.261 2.079 2.397 2.012 2.252 2.518 2.813 3.138 3.896 4,818 5.350 13 1.138 1.294 1.469 1.665 2.720 3.066 3.452 4.363 5.492 6.153 6.261 7.138 1.732 2.937 3.342 3.798 3.642 4.887 14 1.149 1.319 1.513 2.579 7.076 2.759 3.172 15 1.161 1.346 1.558 1.801 4.177 5.474 8.137 2.540 2.952 3426 3.970 16 1.173 1.373 1.605 1.873 2.183 4.595 6.130 8.137 9.358 6.866 7.690 8.613 17 1.184 1400 1,653 1.948 2.292 2.693 3.159 3.700 4.328 5.054 9.276 10.76 1.428 1.702 3,996 5.560 5.142 6.116 5.604 6.727 10.58 18 1.196 2.026 2.407 2.854 3,380 4.717 12.38 1208 1.754 19 1.457 2.107 2.527 3.026 4.316 3.617 3.870 4661 12.06 14.23 1486 2.653 3.207 9.646 20 1220 1.806 2.191 13.74 16.37 1.860 2.279 21 1.232 1.516 2.786 3.400 4.141 5.034 6.109 7.400 6.659 8.140 10.80 15.67 18.82 3.604 22 1.245 1.546 1.916 2.370 2.925 4.430 3.072 3.820 4.741 5.072 5.437 12.10 17.86 21.64 23 1.257 1.577 1.974 2.465 5.871 7258 8.954 13.55 20.36 24.89 24 1.270 1,608 2.033 2.563 3.225 4.049 3,386 4292 6.341 7.911 9.850 15.18 23.21 28.63 1.641 25 1.282 2.094 2.666 5.427 6.848 8.623 10.83 17.00 26.46 32.92 2.157 2.772 3.556 4549 5.807 37.86 26 1295 1.673 7.396 9.399 11.92 19.04 30.17 Print Done X N - X Reference Present Value of Ordinary Annuity of $1 Periods 6% 0.943 1% 2% 3% 4% 5% 7% 8% 9% 10% 0.909 12% 14% 15% 16% 18% 20% 0.962 0.952 0.935 0.926 0.893 0.870 0.862 0.833 0.847 1 0.990 0.980 0.971 0.917 0.877 1.942 2 1.970 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.690 1.647 1.626 1.605 1.566 1.528 3 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 2.283 2.246 2.174 2.106 3.546 3.465 2.855 4 3.902 3.808 3.717 3.630 3.387 3.312 3.240 3.170 3.79 3.037 2.914 2.798 2.690 2.589 4.452 4.100 3.433 3.352 3.274 3.127 5 4.853 4.713 4.580 4.329 4.212 3.993 3.890 3.605 2.991 5.076 5.786 4.767 3.498 6 5.795 5.601 5.417 6.472 6.230 5.242 4.917 4.623 4.486 4.355 4.111 3.889 3.784 3.685 3.326 3.605 5.582 5.389 6.002 4.564 4.288 4.039 7 6.728 5.206 5.033 4.868 4.160 3.812 4.968 4.639 7.652 7.325 7,020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.487 4,344 4.078 3.837 8.566 5.995 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.759 5.328 4.946 4.772 4.607 4.303 4.031 8.983 10 9.471 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 5.019 4.833 4.494 4.192 10.368 9.787 8.760 8.306 7.139 5.453 5.234 11 9.253 7.887 7.499 6.805 6.495 5.938 5.029 4.656 4.327 11.255 10.575 9.954 12.134 11.348 10.635 9.986 7.943 12 9.385 8.863 8.384 7.536 7.161 6.814 6.194 5.660 5.421 5.197 4.793 4.439 5.583 13 9.394 8.853 8.358 7,904 7.487 7.103 6.424 5.842 5.342 4.910 4,533 13.004 12.106 11.296 10.563 9.899 13.865 12.849 11.938 11.118 10.380 9.712 9.108 14 9.295 8.745 8.244 7.786 7.367 6.628 6.002 5.724 5.468 5.008 4.611 5.092 4675 5.847 15 8.559 8.061 7.606 6.811 6.142 5.575 14.718 13.578 12.561 11.652 10.838 10.106 9.447 15.562 14.292 13.166 12.166 11.274 10.477 9.763 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 5.669 5.749 6.265 16 8.851 8.313 7.824 6.974 5.954 5.162 4.730 4.775 4.812 17 9.122 8.544 8.022 7.120 6.373 6.047 5.222 5.273 18 8.756 8.201 7.250 6.467 6.128 5.818 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 7.366 19 8.950 8.365 6.550 6.198 5.877 5.316 4.844 6.259 20 9.129 8.514 7.469 6.623 5.929 5.353 4.870 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.201 21 8.649 7.562 6.687 6.312 5.973 5.384 4.891 22 9.442 8.772 7.645 6.743 6.359 6.011 5.410 4.909 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.580 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 7.718 23 8.883 6.792 6.399 6.044 5.432 4.925 6.835 6.873 24 9.707 8.985 7.784 6.434 6.073 5.451 4.937 25 9.077 7.843 6.464 6.097 5.467 4.948 9.161 7.896 22.795 20.121 17.877 15.983 14.375 13.003 11.826 10.810 9.929 26 6.906 6.491 6.118 5.480 4.956 Print Done - X Reference Future Value of Ordinary Annuity of $1 Periods 5% 1.000 6% 7% 1.000 8% 1% 2% 3% 1.000 4% 9% 10% 12% 14% 15% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.080 2 2.010 2.020 2.030 2.040 2.050 2.060 2.070 2.090 2.100 2.120 2.140 2.150 3.030 3.473 3 3.060 3.091 3.122 3.153 3.184 3.215 3.246 3.278 3.310 3.374 3.440 4 4.060 4.122 4.184 4.246 4.310 4.375 4.440 4.506 4.573 4.641 4.779 4.921 4.993 5.526 5.637 5.867 5.985 6.105 6.742 5 5.101 5.204 5.309 5.416 5.751 6.353 6.610 6.152 7.153 8.115 10.09 8.536 6 6.308 6.468 6.633 6.802 6.975 7.336 7.523 7.716 8.754 7 8 7.214 7.434 7.662 7.898 8.142 8.394 8.654 8.923 9.200 9.487 10.73 11.07 8.286 8.583 8.892 9.214 9.549 9.897 10.260 10.64 11.03 11.44 12.30 13.23 13.73 10.16 9.369 9.755 10,58 11.03 11.49 11.98 12.49 13.02 13.58 14.78 16.09 16.79 10 10.46 10.95 11.46 12.01 12.58 13.18 13.82 14.49 15.19 15.94 17.55 19.34 20.30 11 11.57 12.17 12.81 13.49 14.21 14.97 15.78 16.65 17.56 18.53 20.65 23.04 24,35 12 12.68 13.41 14.19 15.03 15.92 16.87 18,88 21.02 17.89 18.98 20.14 21.38 24.13 27.27 29.00 15.62 34.35 13 13.81 14.68 16,63 17.71 20.14 21.50 22.95 24.52 26.02 27.98 28.03 32.09 19.60 22.55 24.21 37.58 14 14.95 15.97 17.09 18.29 32.39 40.50 17.29 20.02 15 16.10 18.60 21.58 23.28 25.13 27.15 29.36 31.77 37.28 43.84 47.58 17.26 18.43 21.82 23.6625.67 28.21 30.32 33.00 16 18.64 20.16 27.89 35.95 42.75 50.98 55.72 33.75 36.97 17 20.01 21.76 23.70 25.84 30.84 40.54 48.88 59.12 65.08 18 19.61 21.41 23.41 25,65 28.13 30.91 34.00 37.45 41.30 45.60 55.75 68.39 75.84 37.38 19 20.81 22,84 25.12 27.67 30.54 33.76 41.45 45.76 46.02 51.16 63.44 78.97 88.21 22.02 24.30 51.16 57.28 20 26.87 29.78 33.07 36.79 41.00 72.05 91.02 102.4 31.97 35.72 38.51 41.43 44.50 104.8 21 23.24 25.78 28.68 39.99 44.87 50.42 56.76 64.00 81.70 118.8 55.46 71.40 22 24.47 27.30 30.54 34.25 43.39 49.01 62.87 92.50 120.4 137.6 23 25.72 28.85 32,45 36.62 47.00 53.44 60.89 69.53 79.54 104.6 138.3 159.3 39.08 41,65 24 26.97 30.42 34.43 50.82 58.18 66.76 76.79 88.50 118.2 158.7 184.2 32.03 63.25 133.3 25 28.24 36,46 47.73 54.86 73.11 84.70 98.35 181.9 212.8 33.67 38,55 208.3 26 29,53 44.31 51.11 59.16 68.68 79.95 93.32 109.2 150.3 245.7 Print Done Homework: Chapter 26 Homework Score: 0 of 1 pt 2 of 3 (1 complete) E26-23 (similar to) Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: (Click the icon to view the payout options.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) Assuming you can earn 6% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar.) Option #1