Bill Jones has just won the state lottery and has the following three payout options for after-tax prize money:

1.

$ 150 comma 000$150,000

per year at the end of each of the next six years2.

$ 318 comma 000$318,000

(lump sum) now3.

$ 516 comma 000$516,000

(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:

	8%	9%	10%
1	0.926	0.917	0.909
2	1.783	1.759	1.736
3	2.577	2.531	2.487
4	3.312	3.240	3.170
5	3.993	3.890	3.791
6	4.623	4.486	4.355
7	5.206	5.033	4.868

Present value of $1:

	8%	9%	10%
1	0.926	0.917	0.909
2	0.857	0.842	0.826
3	0.794	0.772	0.751
4	0.735	0.708	0.683
5	0.681	0.650	0.621
6	0.630	0.596	0.564
7	0.583	0.547	0.513

A.

$ 468 comma 000$468,000

B.

$ 672 comma 900$672,900

C.

$ 464 comma 452$464,452

D.

$ 750 comma 000$750,000