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 $141,000 immediately as her full retirement benefit. Under the second option, she would receive $20,000 each year for eight years plus a lump-sum payment of $60,000 at the end of the eight-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 9%. Present Value of First Option Lump-sum payment Present Value of Second Option Total present value 16. If you can invest money at a 9% return, which option would you prefer? O First option O Second option