Congratulations! You've won a state lottol The state lottery offers you the following $($after$-$tax$)$ payout options:

View the payout options. ${?}^3$

View the present value of $$1$ table. ${?}^4,$ View the present value of annuity of $$1$ table. ${?}^5$

View. the future value of $$1$ table. ${?}^6$

View the future value of annuity of $$1$ table.?

Requirement

Assuming that you can eam $8\%$ on your funds, which option would you prefer?

Calculate the present value for each payout. $($Round your answers to the nearest whole dollar.$)$

Option #$1$:

$ $9,450,000)$

Option #$2$:

Option #$3$:

The option you would you prefer is the one that has the $(1)$ present value. Therefore, $(2)$ would be the preferred payout option.

$3$: Payout options

$q,$

$4$: Present Value of $$1$