Julie has just retired. Her companys retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $155,000 immediately as her full retirement benefit. Under the second option, she would receive $18,000 each year for ten years plus a lump-sum payment of $63,000 at the end of the ten-year period. Required: 1a. Calculate the present value for the following assuming that the money can be invested at 8%. (Use Microsoft Excel to calculate present values. Do not round intermediate calculations.) 1b. If you can invest money at a 8% return, which option would you prefer? First option Second option