Jessie just won the lottery, and she must choose between two award options. She can select to receive 10 end-of year payments of $9.5 million (Option 1), or to receive 30 end-of year payments of $5.5 million (Option 2). If she thinks she can earn 7% annually, which should she choose? *

A) Option 1 with present value of $66.72 million higher than Option 2's present value by $1.53 million

B) Option 2 with present value $68.25 million higher than Option 1's present value by $1.53 million

C) Option 1 with present value of $68.25 higher than Option 2's present value by $1.53 million

D) Option 2 with present value $61 million higher than option 1's present value by $5.72 million

E) None of the above.