Fiona wants to cash in her winning lottery ticket. She can either receive eight $200,000 semiannual payments starting today, based on a 6% annual interest rate, or she can receive a single-amount payment today. What is the single-amount payment she can receive today that would be equivalent to the eight-payment option except that she would not have to wait for years to collect her prize money? Note: Use tables, Excel, or a financial calculator. (FV of \$1. PV of \$1. EVA of \$1. PVA of $1. EVAD of $1 and PVAD of $1) Multiple Choice $1,446,056 $1,283,438 $1,578,800 $1,403,938