find present value for both opinion 1 & option 2

which option should be chosen

Use the following information to answer the next 3 questions: Otis just won the lottery and has be given the choice of two payout options: Option #1: He can receive $25,000 every quarter for ten years. Option #2: He can wait and receive $26,500 every quarter for ten years with the first paymen- coming three quarters from now. The appropriate discount rate is 11 percent compounded quarterly