Folice Lucas has just won the state lottery and has the following three payout options for after-tax prize money 1. $168,000 per year at the end of each of the next six years 2. S306,000 (lump sum) now 3. $520,000 (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 dolar) Present value of an ordinary annuity of $1 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2577 2.531 2.487 3.312 3.240 3.170 5 3.993 3.890 3.791 6 4.623 4.486 4.355 7 5.206 5,033 4.868 4 Present value of $1: 8% 1 0.926 2 0.857 3 0.794 4 0.735 5 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 $474,000 B. $468,052 C. $840,000 Click to select your answer. Type here to search