Mary Alice just won the lottery and is trying to decide between the options of receiving the annual cash flow payment option of $340,000 per year for 30 years beginning today, or receiving one lump-sum amount today. Mary Alice can earn 6% investing this money. At what lump-sum payment amount would she be indifferent between the two alternatives? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Multiple Choice

• $10,200,000

• $4,960,845

• $4,680,042

• $5,300,845