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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. $52,000 per year

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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. $52,000 per year at the end of each of the next six years 2. $320,000 (lump sum) now 3. $500,000 (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.) Present value of $1 : A. $268,000 B. $298,000 C. $79,733 D. $82,645

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