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 $$142,000$ immediately as her full retirement benefit. Under the second option, she

would receive $$21,000$ each year for $5$ years plus a lump$-$sum payment of $$61,000$ at the end of the $5-$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.

Req $1A$

Req $1$B

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.$)$