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 51 table.) (Click the icon to view Present Value of Ordinary Annuity of 51 table.) (Click the icon to view Future Value of 51 table) (Click the icon to view Future Value of Ordinary Annuity of 51 table) Assuming you can eam 12% on your funds, which option would you prefer? The present value of the payout is (Round your answers to the nearest whole dolar) Present vakre 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_091) The highest present value using the 12% discount rate and the option that, therefore, appears to be the most favorable in payout option: . Data table Option #1: $12,000,000 after five years Option #2: $2,050,000 per year for five years Option #3: $11,000,000 after three years Print Done