Julle has just retired. Her company's retirement program has two optlons as to how retirement benefits can be recelved. Under the

first option, Julle would recelve a lump sum of $$129,000$ immedlately as her full retirement benefit. Under the second option, she

would recelve $$18,000$ each year for $6$ years plus a lump$-$sum payment of $$55,000$ at the end of the $6-$year perlod.

Click here to vlew Exhiblt $14$B$-1$ and Exhibit $14$B$-2,$ to determine the approprlate discount factor$($s$)$ using tables.

Required:

$1-$a$.$ Calculate the present value for the following assuming that the money can be Invested at $12\%.$

$1-$b$.$ If she can Invest money at $12\%,$ 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 $12\%.($Round your final answer to

the nearest whole dollar amount.$)$