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: (1) $90,000 cash immediately, (2) $35,000 cash immediately and a six-period annuity of $9,400 beginning one year from today, or (3) a six-period annuity of $17,700 beginning one year from today. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) land PVA 1-a. Assuming an interest rate of 5%, determine the PV value for the above options nnuity Payment Immediate Cash PV Annuity PV Option Option 1 Option 2 Option 3 1-b. Which option should Alex choose? O Option (1) Option (2) O Option (3)