Felice Lucas has just won the state lottery and has the following three payout options for after-tax prize money: 1. $154,000 per year at the end of each of the next six years 2. $312,000 (lump sum) now 3. $500,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the first option. (Round your answer to the nearest whole dollar.) Present value of an ordinary annuity of $1: 1234 8% 0.926 9% 10% 0.917 0.909 2 1.783 1.759 1.736 2.577 2.531 2.487 3.312 3.240 3.170 5 2002 2.000 2 701 A. $466,000 B. $770,000 OC. $450,050 D. $690,844