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 $$137,000$ immediately as her full retirement benefit. Under the second option, she would

receive $$26,000$ each year for $7$ years plus a lump$-$sum payment of $$56,000$ at the end of the $7-$year period.

Required:

$1-$a$.$ Calculate the present value for the following assuming that the money can be invested at $14\%.$

$1-$b$.$ If she can invest money at $14\%,$ which option would you recommend that she accept?

Complete this question by entering your answers in the tabs below.

Calculate the present value for the following assuming that the money can be invested at $14\%.($Round your final answer to

the nearest whole dollar amount.$)$