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Consider the following options. The interest rate is 12%. A. $500,000 today B. A 15-year annuity of $77,000 C. A lump sum of $3,000,000 in

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Consider the following options. The interest rate is 12%. A. $500,000 today B. A 15-year annuity of $77,000 C. A lump sum of $3,000,000 in 15 years Which option would you choose to pay? Support your answer by providing the PV for each option. Round your answers to the nearest dollar. Use commas if necessary, but do NOT use dollar signs

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