Congratulations! You have just won the lottery! However, the lottery bureau has just informed you that you can take your winnings in one of two ways. Choice X pays $2,000,000 now. Choice Y pays $2,235,000 at the end of five years from now. Using a discount rate of 5 percent, based on present values, which would you choose? Using the same rate of 5 percent, based on future values, which would you choose? What do your results suggest as a general rule for approaching such problems? (Make your choices based purely on the time value of money.)