Answer each of the following independent questions Alex. Meir recently won a lottery and has the optlon of receiving one of the following three prizes: (1) $78.000 cash immediately. (2) $28.000 cash immediately and a six-period annulty of $8.600 beginning one year from today. or (3) a six-period annuity of $15.200 beginning one year from today. (EV of \$1. PV of \$1. EVA of \$1. PVA of \$1. EVAD of \$1 and PVAD of S1) (Use approprlate foctor(S) from the tables provided.) 1. Assuming on interest rate of 5%, determine the present value for the above options. Which option should Alexchoose? 2. The Weimer Corporatlon wants to accumulate a sum of money to repay certain debts due on December 31. 2030. Weimer will make annual deposits of $150,000 into a special bank account at the end of each of 10 years beginning December 31 . 2021. Assuming that the bank account pays 6% interest compounded annually. what will be the fund balance after the last payment is made on December 31, 2030? Complete this question by entering your answers in the tabs below. Assuming an interest rate of 5%, determine the present value for the above options, Which option ahould Alex choose? (ficund your final answers to nearent whole dollar amount.)