Edward Hughes has just won the state lottery and has the following three payout options for after - tax prize money: 1. \\( \\$ 158,000 \\) por year at the end of each of the next six years 2. \\( \\$ 300,000 \\) (lump sum) now 3. \\( \\$ 506,000 \\) (lump sum) six years from now The annual discount rate is \9. Compute the present value of the second option. (Round to nearest whole dollar.) A. \\( \\$ 404,800 \\) B. \\( \\$ 664,000 \\) C. \\( \\$ 300,000 \\) D. \\( \\$ 101,200 \\)