Bill Jones has just won the state lottery and has the following three payout options for after-tax prize money: 1. $150,000 per year at the end of each of the next six years 2. $304,000 (lump sum) now 3. $500,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the first option. (Round your answer to the nearest whole dollar.) Present value of an ordinary annuity of $1 : Supporting Materials - Present value of $1 : Supporting Materials - Present value of $1 : $750,000 $672,900 $454.000 $450,050