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Congratulations! You just won the $50,000,000 jackpot lottery. You must decide how you would like to receive your winnings from the following 4 options: Option

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Congratulations! You just won the $50,000,000 jackpot lottery. You must decide how you would like to receive your winnings from the following 4 options: Option A: Receive $37,500,000 today. Option B: Receive $25,000,000 today, and another $25,000,000 in 25 years. Option C: Receive $5,000,000 at the end of every year for the next 10 years. Option D: Receive $10,000,000 at the end of every year for the next 5 years. Assume a 7% annual interest rate. Which option should you choose to maximize the winnings in terms of today's dollars? (Time Value of Money Tables; PV of $PVA of $1) Option A Option Option C Option D

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