Felice Lucas has just won the state lottery and has the following throo payout options for after - tax prize money 1. $168.000 per year at the end of each of the next six years 2. $318,000 (lump sum) now 3. $504,000 (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: 8% 9% 10% 0.926 0.917 0.009 2 1.783 1.759 1.736 3 2,577 2.531 2.487 3.312 3.240 3.170 4 4 5 6 7 3.312 3.993 4.623 5.206 3.240 3.890 4.486 5.033 3.170 3.791 4.355 4.868 Present value of $1: 8% 1 0.926 . 0.857 0.794 0.735 5 0.681 9% 0.917 0.842 0.772 0.708 0.650 10% 0.909 0.826 0.751 0.683 0.621 4.868 Present value of $1: 8% 1 0.926 2 0.857 3 0.794 0.735 0.681 6 0.630 7 0.583 9% 0.917 0.842 0.772 0.708 0.650 0.596 0.547 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 O A. $753,648 B. $486,000 O c. $453,650 OD. $840,000