Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options:

Option #1: $ 14,000,000 after five years Option #2: $2,100,000 per year for five years Option #3: $11,000,000 after three years

Prment Valus of $1 Prester Vitue of Orulinery Anustly of \$1 Future Yahis of $1 Future Value of Ordinary Annulty of $1 Cliek the ienn th vipan the nauni it nntions) The present value of the payout is: (Round your answers to the nearest whole dollar.) Present value of the payout, Option #1