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Congratulations! You've won a state lo!The state lottery offers you the folowing (after-tax) payout options: EEB (Click the icon to view the payout options.) Data

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Congratulations! You've won a state lo!The state lottery offers you the folowing (after-tax) payout options: EEB (Click the icon to view the payout options.) Data Table (Click the icon to view the present value factor table.) Click the icon to view the present value annuity factor table.) (Click the icon to view the future value factor table.) (Click the icon to view the future value annuity factor table.) Option #1: $16,000,000 four years from now Option #2. S2,200,000 at the end of each year for the next six years Option #3 $12,000,000 three years from now Assuming that you can earn 8% on your funds, which option would you prefer? Round your answers to the nearest hole dollar. Calculate the present value for each payout. Option #1: Option #2: Option #3: The option you would you prefer is the one that has the Print Done present value. Therefore, would be the preferred payout option

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