E9-18 (Algo) Using Present Value Concepts for Decision Making LO 9-7 You have just won the state lottery and have two choices for collecting your winnings. You can collect $110,000 today or receive $21,100 at the end of each year for the next seven years. A financial analyst has told you that you can earn 8 percent on your investments. Required: 1. Calculate the present value of both the options (FV of $1,PV of $1,FVA of $1, and PVA of $1 ) Note: Use appropriate factor(s) from the tables provided. 2. Which alternative should you select