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turns in the winning ticket. Morgan will be taxed on each of these payments at a rate of 26% Click here to view factor tabies. Compute the present value of the cash flows for lump sum payout. (Round answer to 0 decimal places, eg, 458,581) Lumpsumpayout $ Assuming Morgan can earn an 10% rate of return (compounded annually) on any money invested during this period, compute the present value of the cash flows for annuity payout (Round foctor values to 5 decimal places, es. 1.25124 and final answer to 0 decimal places, es 458,581) Present value of annuity payout 5 Which pay-out option should he choose