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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 $1 table.) Assuming you can eam 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 #1 Present value of the payout, Option #2. Present value of the payout, Option #3. (Enter your answer as a numeral- .9,1 ) The highest present value using the 8% discount rate and the option that, therefore, appears to be the most favorable, is payout option \# Data table

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