E11.6 (Algo) Comparing Options Using Present Value Concepts [LO 11-S1] After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big winner, having won $33 million. You have three options: a. Receive $1.65 million per year for the next 20 years b. Have $1125 million today c. Have $3 million today and recelve $1,350,000 for each of the next 20 years. Your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments. Required: 1. Calculate the present value of each option. Future Value of $1. Present Value of $1. Future Value Annuity of $1, Present Value Annulty of $1. 2. Determine which option you prefer. Complete this question by entering your answers in the tabs below. Calculate the present value of each option. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1. .) Note: Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar. Enter your answers in doliars, not in millions. E11-6 (Algo) Comparing Options Using Present Value Concepts [LO 11-S1] After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $33 million. You have three options a. Receive $1.65 million per year for the next 20 years b. Have $1125 milion today c. Have $3 million today and recelve $1,350,000 for each of the next 20 years. Your financia! adviser teils you that it is reasonable to expect to earn 13 percent on investments Required: 1. Calculate the present value of each option. (Future Value of \$1. Present Value of $1. Future Value Annulty of \$1. Present Value Annuity of $1 ) 2. Determine which option you prefer. Complete this question by entering your answers in the tabs below. Determine which option you prefer