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Atter hearing a knock at your front doot, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. it has

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Atter hearing a knock at your front doot, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. it has artived with the pood news that you are the big winner, having won $36 million. You have three options: a. Receive 51.1 milion per year for the next 20 years. b. Have $12 militon today. c. Have $2 milion today and receive $1,500,000 for each of the next 20 years. Your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments. Required: 1. Catculate the present value of each option. (Euture Value of S1. Present Value of \$1. Future Value Annuity of \$1. Present Value Antutity or 51. 2. Determine which option you prefer. Complete this question by nutering your answers in the tabs below, Calculate the present value of each option. (Future Value of \$1, Present Value of \$1, Future Value Annulty of \$1, Present value Anmuity of 51.) tinter the appropriate factor(e) from the tabten provided, Round your final answer to the nexyest whole dollar. Finter your anwwers in dotlare, not in militions

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