Gmail Translate YouTube Timesheet Mail - Hafsa Wenibu Wa Geography Final Ex Homework Saved Help S C1-0 (Ago) comparing options using Present value concepts [LU 11-91 After hearing a knock at your front door. you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big winner, having won $21 million. You have three options, (a) Receive $1.05 million per year for the next 20 years: (b) Have $8.25 million today (c) Have $2.25 million today and receive $750,000 for each of the next 20 years Your financial adviser tells you that it is re able to expect to earn 13 percent on investments, Required: 1. Calculate the present value of each option (Future Value of Si. Present Value of $1. Future Value Annuity of 51. Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar. Enter your answers in dollars, not in millions) Present Value Option Option Option aw O