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 $24 million. You have three options. (*) Receive 51.2 million per year for the next 20 years. () Have 59 million today. (c) kave 53 million today and receive $900,000 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 Annuity of $1) (Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar. Enter your answers in dollars, not in millions.) Present Value Option A Option B Option 2. Determine which option you prefer. O Option A O Option B O Option C