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Gloria Ammon has just won the state lottery and has the following three payout options for after-tax prize money: 1. $64,000 per year at the

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Gloria Ammon has just won the state lottery and has the following three payout options for after-tax prize money: 1. $64,000 per year at the end of each of the next six years 2. $304,000 (lump sum) now 3. $502,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the third option. (Round to nearest whole dollar.) resent value of $1 : $299,192$101,717$240,000$98,133

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