Gabrielle just won $2.4 million in the state lottery. She is given the option of receiving a of $900,000 now, or she can elect to receive $80,000 at the end of each of the next 30 years. If Gabrielle can earn 9% annually on herinvestments, which option should shetake?

If Gabrielle takes the prize as anannuity, the present value of the 30-year ordinary annuity is $

(Round to the nearestdollar.)

If Gabrielle takes the prize as a singleamount, the present value of the lump sum is $

. (Round to the nearestdollar.)