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 $159,000 immediately as her full retirement benefit. Under the second option, she would receive $22,000 each year for seven years plus a lump-sum payment of $67,000 at the end of the seven-year period Use Excel or a financial calculator to solve Round answers to the nearest dollar Required: 1a Calculate the present value for the following assuming that the money can be invested at 11% Present Value of First Option Lumpsum payment Present Value of Second Option Total present value