Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicare completion. Return to question After hearing a knock at your front door, you are surprised to see the Prize Patrol from a targe, well known magazine subscription company. It has arrived with the good news that you are the big winner having won $2 million You have the options (a) Receive $1.05 altion per year for the next 10 years. (6) Have 8.25 million today (c) Have $2.25 ltion today and receive $750,000 for each of the next 30 years Your financial adviser tells you that it is reasonable to expect to earn t3 percent on investments Required: 1. Calculate the present value of each option, Valuett. Present Value of 51. ture Value Anouity of St Present Value Annuity of 5) (Use appropriate foctor(s) from the tables provided. Round your final answer to the nearest whole dollar. Enter your answers in dollars, not in millions.) Answer is complete but not entirely correct. $ Option A Option B Optionc Present Value 7375989 8 250.000 42.778.846 5 $ 403 PM