Gloria Ammon has just won the state lottery and has the following three payout options for after-tax prize money 1.562,000 per year at the end of each of the next six years 2. $310,000 (lump sum) now 3. $508,000 (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. 8% 9% 10% 10.926 0.917 0.909 20,857 0.842 0.826 30.794 0.772 0.751 40.735 0.708 0.683 5 0.681 0.650 0.621 60.630 0.596 0.564 70.583 0.547 0.513 A $302,768 B. $248,000 C. $98,539 D. $95,067 IS