Assume you won the lottery and that you have two options for receiving the prize money. You can receive $300,000 today or recelve payments of $2,700 a month for 20 years. If you can make a nominal 8% return, which option should you take and why? (Hint: To compare investments involving cash flows, you always compare the present value of the future cash flows to identify the most attractive option.) The lump sum today. The present value of the lump sum is greater than the payments. The $2,700 per month. The present value of the payments is greater than the lump sum. The $2,700 per month. It is better to have payments spread out than receive a lump sum. The lump sum today. It has greater earnings potential