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Congratulations! You have won a state lottery, The state lottery offers you the following (after-tax) payout options: (Click the icon to view the payout options)

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Congratulations! You have won a state lottery, The state lottery offers you the following (after-tax) payout options: (Click the icon to view the payout options) Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table) (Click the icon to view Future Value of Ordinary Annuity of S1 table) Assuming you can earn 8% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar) Present value of the payout, Option $ 10,208,748 Prosent value of the payout Option #2 Data table Option #1: $15,000,000 after five years Option #2: $2,050,000 per year for five yours Option 3: $12,000,000 after three years Print Done

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