Exercise 14A-2 (Algo) Basic Present Value Concepts [L014-7] Julie just retired and has two options for receiving her retirement benefits. Under the first option, she would immediately receive a lump sum of $155,000. Under the second option, she would receive $18,000 each year for 10 years plus a lump-sum payment of $63,000 at the end of the 10 -year period. Click here to view Exhibit 14B-1 and , to determine the appropriate discount factor(s) using tables. Required: 1-a. Calculate the present value for the following assuming that the money can be invested at 8%. 1-b. If she can invest money at 8%, which option should she choose? Complete this question by entering your answers in the tabs below. Calculate the present value for the following assuming that the money can be invested at 8%. Note: Round your final answer to the nearest whole dollar amount