Julie has just retired Her company s retirement program has two options as to how retirement benefits can be received Under the first option Julie would receive a lump sum of $156 000 immediately as her full retirement benefit Under the second option she would receive $19,000 each year for fifteen years plus a lump-sum payment of $64 000 at the end of the fifteen-year period Calculate the present value for the following assuming that the money can be invested at 13% (Use the appropriate table to determine the discount factor(s).) If you can invest money at a 13% return, which option would you prefer? First option Second option