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Felice Lucas has just woe the state iottery and has the followine three pryout options for afteritax prize money. 1. 5154.000 per year at the

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Felice Lucas has just woe the state iottery and has the followine three pryout options for afteritax prize money. 1. 5154.000 per year at the end of each of the next six years 2. 5312.000 (lump sumb now 3. 5500.000 (bump sum) six years from now The annual discount rate is 91 . Compute the present value of the first option. (Reund your answer to the nearest whole dollard Present value of an ordinary annuity of 51 : Present value of $1 : $450,050 $770,000 $690,844 $466,000

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