Answer each of the following independent questions Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (0 $62.000 cash immediately, (2) $19,000 cash immediately and a six-period annuity of $7.600 beginning one year from today, or (3) a six-period annuity of $12.500 beginning one year from today (EvorPVors1. EVAof $1 PVA of $1. FVAD orsi and PVADors) (use appropriate factor(s) from the tables provided.) 1. Assuming an interest rate of 6%, determine the present value for the above options, which option should Alex choose? 2. The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2027 Weimer will make annual deposits of $110,000 into a special bank account at the end of each of 10 years beginning December 31, 2018. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2027