need help finding payout options.

E26-23 (similar to) CongratulationsYou have won a state lottery. The state lottery offers you the following (after-tax) payout options: (Click the icon to view the payout options.) (Click the icon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annuity of $1 table) Click the icon to view Future Value of $1 table) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 8% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar) Option 1 Data Table - X Option #1: $14,000,000 after five years Option #2 $2,100,000 per year for five years Option #3: $11,000,000 after three years Print Done Present Value of $1 Periods 1 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 10.909 0.893 0.877 0.870 0.8620.8470.833 0.980 0.961 0.943 0.925 0.907 0.890 0.873 0.8570.842 0.826 0797 0.769 0.756 0.743 0.7180.694 0.971 0.942 0.915 0.8890.864 0.840 0.816 0.7940.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 0.961 0.924 0.888 0.855 0.823 0.7920763 0.735 0.708 0683 0636 0.592 0.572 0.552 0.516 0.482 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0567 0.519 0.497 0.476 0.437 0.402 0.942 0.888 0.837 0.790 0.746 0.705 0.6660.630 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 0.933 0.871 0.813 0.760 0.711 0.665 0.623 05830.547 0.513 0.452 0.400 0.376 0354 0.314 0279 0.923 0.853 0.789 0.731 0.677 0.62705820.540 0.502 0.467 0.404 0.351 0.327 0.305 0.266 0233 0.914 0.837 0.766 0.703 0.6450.5920.544 0.500 0.460 0.424 0.361 0.308 0.284 0.263 0.225 0.194 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.3220270 0.247 0.227 0.191 0.162 0.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 0.388 0.3500 287 0.237 0.215 0.195 0.162 0.135 0.887 0.788 0.701 0.625 0557 0.497 0.444 0.397 0.356 0.319 0257 0208 0.187 0.168 0.137 0.112 0.879 0.773 0.681 0.601 0.530 0.469 0.415 0368 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 0.870 0.758 0.661 0.577 0.505 0.442 0.388 0.340 0.299 0 263 0.205 0.160 0 141 0.125 0.099 0.078 0.861 0.743 0.642 0.555 0.481 0.417 0.362 03150 275 0.2390.183 0.140 0.123 0.108 0.084 0.065 0.853 0.7280 623 0534 0.458 0.394 0.339 0.292 0.252 0.218 0.163 0.123 0.1070 093 0.071 0.054 0.844 0.714 0.605 0.513 0436 0371 0.317 0.270 0.231 0.1980.146 0.108 0.093 0.080 0.060 0.045 0.836 0.700 0.587 0.494 0.4160 350 0.296 0.250 0212 0.180 0.130 0.095 0.081 0.069 0.051 0.038 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0 232 0.194 0.164 0.116 0.083 0.070 0.060 0.043 0.031 0.820 0.673 0.554 0.456 0.377 0.312 0.2580 215 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 0.811 0.660 0.538 0.439 0.359 0.294 0.2420 1990.164 0.135 0.093 0.064 0.053 0.044 0.031 0.022 0.803 0.647 0.522 0.422 0.342 0.278 0.2260184 0.150 0.123 0.083 0.056 0.046 0.038 0.026 0.018 0.795 0.634 0.507 0.406 0.326 0.262 0211 0.170 0.138 0.112 0.074 0.049 0.040 | 0.033 0.022 0.015 0.788 0.622 0.492 0.390 0.3100247 0.1970.158 0.126 0.102 0.066 0.043 0.035 0.028 0.019 0.013 0.780 0.610 0.478 0.375 0.2950 233 0.184 0.146 0.116 0.092 0.059 0.038 0.030 0.024 0.0160.010 0.772 0.598 0.464 0.361 0.281 0.220 0.172 0.135 0.106 0.084 0.053 0033 0026 0.021 0.014 0.009 0.764 0.586 0.450 0.347 0.268 0.207 0.161 0.125 0.098 0.076 0.047 0.0290.023 0.018 | 0.011 0.007 0.757 0.574 0.437 0.333 0.255 0.1960.150 0.116 0.090 0.069 0.042 0.026 0.020 0.016 0.010 0.006 0.749 0.563 0.424 0.321 0.243 0.1850 141 0.107 0.082 0.063 0.037 0.022 0.017 0.014 0.008 0.005 0.742 0.552 0.412 0.308 0.231 0.174 0.131 0.099 0.075 0.057 0.033 0.0200.015 0.012 0.007 0.004 0.672 0.453 0.307 0.208 0.142 0.097 0.067 0.046 0.032 0.022 0.011 0.005 0.0040.003 0.001 0.001 0.608 0.372 0.228 0.141 0.087 0.054 0.034 0.021 0.0130.009 0.003 0.001 0.001 0.001 21 22 23 24 25 26 27 28 29 30 40 50 Print Done Crear All Future Value of $1 34 49% 5 6% 2. Periods 7. 9% 105. 12. 14 15% 1.USO 10 10 1010 1020 1020 | 1040 1060 TTOBU 1070 1020 1140 1150 2 1020 | 1040 1061 | 1082 | 1.103 | 1.124 | 1145 | 1166 |118 | 1210 1264 1300 | 1323 1030 | 1061 1.093 | 1.125 | 1158 | 1.191 | 1225 | 1260 | 1295 | 1331 1405 1.482 | 1521 4 1041 | 1082 | 1.126 | 1170 | 1216 | 1262 | 131 | 1360 | 1412 | 1464 | 1574 1.689 | 1749 5 1051| 1.104 | 1159 | 1217 | 1276 | 138 | 1403 11.469 | 1.539 |161 | 1762 1.925 | 2011 6 1062 | 1126 | 1.164 | 1265 | 1340 | 1.419 1501 | 1587 | 1.67 | 1.772 | 1974 12 195 12313 1072 | 1149 | 1230 1316 | 1.407 | 1.504 | 1606 | 1714 | 1828 | 1949 | 2211 | 2502 | 2660 1.083 | 1172 | 1267 1.369 | 1477 | 1.594 | 1718 | 1.851 1993 2144 | 2476 | 285313059 9 1.094 | 1.195 | 1.305 1.423 | 1.551 | 1.689 | 1838 | 1999 2172 | 2358 12773 | 3252 13518 10 1105 | 1219 | 1344 | 1480 | 1629 | 1791 1967 | 2159 12367 12594 13 106 13707 | 4.046 11 116 | 1243 | 1.384 | 1539 | 1710 |1.898 | 2.105 | 2332 12.580 12853 | 3479 14.226 | 4.652 12 1.127 | 1268 | 1.426 | 1601 | 179 | 2012 12252 | 2518 | 28133138 3696 | 4.818 15350 13 1.138 | 1294 | 1469 | 1665 |1886 12.133 | 2410 | 2720 | 3.066 13452 | 4363 15.492 16 153 14 1.149 | 1319 | 1513 | 1732 | 1980 | 2.26|| 2579 1293713342 |3798 | 438716261 | 7.076 15 1.161 | 1346 | 1558 | 1.801 | 2079 | 2.397 12.759 | 3.172 | 3642 | 4.17 15474 7.138 | 8137 16 1.173 | 1373 | 1605 | 1873 12.183 | 2540 | 2952 | 3426 | 3970 4.565 16.130 18.137 | 9358 7 1.184 | 1400 | 1.653 | 1948 12292 | 2693 | 3.159 3760 | 4328 | 5054 | 6.866 19.276 | 10.76 18 1.196 | 1.428 | 1702 | 2.026 | 2407 | 2854 | 3.380 | 3996 | 4.77] 5.560 | 7690 | 10 58 | 12.38 19 1208 | 1457 | 1754 | 2.107 2527 | 3026 | 3637 4316 | 5.142 | 6.116 18613 | 12.06 | 1423 20 1220 | 1486 1606 |2191 | 2653 13.207)3870 14.66] | 5.604 | 6.727 19646 13.74| 16.37 21 1232 | 1516 | 1860 | 2279 | 2786 | 3400 | 4141 | 5034 | 6.109 | 7400 | 10.80 | 15.67 | 18.82 22 1245 | 1546 | 1916 | 2.370 | 2925 | 3604 | 2430 | 5.37 | 6.659 | 8140 | 12.10 | 1786 | 21.64 1257 | 1.577 | 1974 | 2.465 | 3072 | 3.820 | 4.741 | 5871 | 7258 | 8954 | 13 55 | 20.36 | 24.89 24 1270 | 1.608 | 2033 | 2563 | 3225 | 4.049 | 5072 | 6.341 | 791 | 9850 | 15.18 | 23.21| 28.63 25 1262 | 1641 | 2.094 | 2.66 | 3386 | 4292 | 5427 | 6.848 | 8.623 | 10.83 | 1700 | 26.46 | 32.92 26 1295 1673 | 2157 | 2772 | 3556 | 4549 | 5807 | 7396 19399 | 11.92 | 19.04 | 30 17 | 37.86 2 1308 1707 | 2221 | 2883 | 3.733 | 4822 | 6214 | 7.988 | 10 25 | 13. | 21.32 | 34 39 | 43 54 28 1327 1741 2288 | 2.99 | 3920 | 5.112 | 6.649 | 8.627 | 1117 | 14.42 | 23 88 | 39 20 | 50.07 9 135 | 1776 | 2357 | 3.119 | 4.16 15.418 | 7114 19317 | 12.17 | 15.86 | 26.75| 44.69 | 57.58 1348 | 1811 | 2427 | 3243 | 4.322 15.743 | 7612 | 10.06 | 1327 17.45 | 296 | 50 95 66.21 40 1489 | 2208 |3262 14.801 | 7040 | 10 29 | 1497 | 2172 | 3141 45 26 | 93.05 1889 2679 50 1.645 | 2692 | 4384 17 107 11.47 18.42 | 29 46 | 46 90 | 74.36 | 1174 | 269.0 | 7002 | 1.084 Print Done i Reference Periods 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Present Value of Ordinary Annuity of $1 12% 20% 14% 10% 8% 15% 993 16% 18% 7% 4% 1% 2% 5% 6% 3% 0.990 0.980 0.971 0.96209520.943 70.935 0.926 0.9170.909 0.893 0.877 0.870 0.8620,847 0.833 1.647 1.626 1.6051.566 1.528 1970 1.942 1.9131886 1859 1833 1808 1.783 1759 1736 1.690 2941 28842829277527232 673 2624 25772531 2.487240223222283 2246 21742 106 3.902 3.808 3717 3.630 3546 3.4653387 33123 240 3.1703.037 2.914 2.855 2.798 2.690 2.589 3.433 3.352 3.274 3.127 2.991 4853 4713 45804452 4.329 42124 100 3.993 3.890 3.791 3.605 5795 5.601 5417 5242 5.076 4917 4.767 4.623 4.4864.355 4 111 3.889 3.7843.685 3.498 3.326 6.728 6.472 6.230 6.0025.786 558253895 206 5.033 48684564 4288 4.1604.0393.812 3.605 7.652 7.3257.020 6.733 6.463 6210 5971 57475.535 5335 4.968 4.6394 487 4.344 4.078 3.837 8.566 8.1627.786 7.435 7 108 6.802 6515 6 247 5.995 5.759 5328 49464772 4.607 4.3034,031 9471 8.9838530 8.111 772273607.0246.710 6.418 6.145 5.650 5216 5019 4.334.4944 192 10.368 9.78792538.760 8.3067.8877499 7 1396.805 6.495 5.938 5.453 5 2345029 4.656 4.327 11 255 10.575 9.954 9.3858 863 83847943 75367.1616.814 6.194 5.660 5421 5.1974.793 4.439 12.134 11.348 10.635 9.986 93948.8538.358 7.9047.487 7.103 6.424 5.8425.583 5.3424.910 4.533 13.004 12.106 11 296 10 563 98999 295 8.745 8 2447 786 7367 6.628 6.0025.724 5.468 5008 4.611 13.865 12.849 11.938 11.118 10 3809712 9.108 8.5598.061 76056 811 6.142 58475.575 5.092 4.675 14718 13.57812561 11.652 10.838 10.106 944788518313 7.8246.974 6 265 5.9545.669 5.162 4.730 15.562 14 292 | 13.166 12.166 11.274 10.4779.763 9.122 8544 8.0227.120 6.373 6.047 5749 5222 4.775 16.398 14992 13.754 1265911.690 10.828 10.05993728756 8 2017.250 6.467 | 6.128 5.818 5.273 4.812 17.226 15.678 14.324 13.1341208511.158 1033696048 950 8.3657366 6.550 6.198 5.87753164.844 18.046 16.351 14.87713 590 12.462 11.470 10.594 98189 129 8.514 7.4696.623 6.259 5.9295.353 4.870 18 857 17.011 15.415 14.029 1282111764 10.836 10.0179.2928 6497562 19.660 17 658 1593714451 13.163 12.042 11 061 | 10201 9442 8.7727 645 6.743 6.3596.0115.410 4.909 6.687 6.3125 973 5.384 4.891 20.456 18 292 16.444 14.857 13.489 12 30311 272 10.371 9.580 8.883 7718 6.792 6.3996.044 5.432 4.925 21 243 18.914 16.936 15 247 13.799 12.550 11.46910529 9707 8.985 7.784 6.835 6.434 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 98239.077 6.0735.451 4.937 78436.873 6.464 6.097 5.467 4.948 2279520.12117.877 15.983 14.375 13.003 11 826 10.8109.929 9.1617.896 6.906 23560 20 707 18.327 16.330 14.6431321111.987 10.935 10.0279 237 7.9436.9356.514 6.491 6.118 5.480 4.956 24 316 21 28118.764 16.663 14.898 13.406 12.137 11.051 10.116 9.307 7.984 6.961 6.534 6.152 5.502 4.970 6.136 5.492 4.964 25.066 21.844 19.188 16.984 15.141 13.591 12278 11.158 10.1989.3708.022 6.983 6.551 6.166 25.80822.396 19.600 17.292 15.372 13.765 12.409 11.258 10.2749.427 5.510 4.975 8.055 7.003 6.566 6.1775.517 4.979 32.835 27 355 23.115 19.793 17.159 15.046 13 332 11.925 10.7579.779 8.244 7. 105 6.642 39.196 3142425.730 21.48218.256 1576213.801 12.233 10.952 9.915 8.304 6.233 5.548 4.997 7.133 6.661 6 246 5.554 4.999 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 40 50 Print Done Clear All Periods 2 4 5 6 7 8 9 10 12 13 14 15 Future Value of Ordinary Annuity of $1 10% 8% 9% 12% 14% 15% 6% 5% 2% 4% 3% 1% 7% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2010 2020 2030 2040 2050 2060 2.070 2080 2090 2100 2.120 2.140 2.150 3.030 3.060 3.091 3.122 3.153 3.184 3215 3246 3.2783310 3.374 3.440 3.473 4.060 4.122 4.18442464310 4375 4440 45064.573 4.641 4.779 4.921 4.993 5.101 5.204 5.3095416 5526 5.637 5,7515.867 5.985 6.1056,353 6.610 6.742 6.152 6.308 6.468 6.633 6.802 6.975 7.153 7336 7523 7.716 8.115 8.536 8.754 7214 7.434 7.66278988.142 8.3948654 8.92392009487 10.09 10.73 11.07 8.286 85838.8929214 9.549 9.897 10.260 10.64 11.03 11.44 1230 13 23 13.73 9.369 9.755 10.16 10.58 11.03 11.49 11.98 1249 13.02 1358 1478 16.09 16.79 10.46 10.95 | 11.46 1201 1258 13.18 13.82 1449 15.1915.94 17.55 19.34 20.30 11.57 12.17 12,8113.49 1421 1497 15.78 16.65 1756 18.53 20.65 23.04 2435 12.68 13.41 14.19 15.03 15.92 | 16.87 17.8918 98 20.14 21.38 24132727 29.00 13.81 14.68 15.62 1663 17.71 | 18.88 20.14 21.50 22.95 24.52 28.03 32.09 34 35 14.95 | 15.97170918 29 19.60 21.02 22.552421 26.02 27.98 3239 3758 40.50 16.10 17.29 18.60 20.02 21.58 23.28 25.13 2715 29.36 31.77 3728 43.84 47.58 17 26 18.64 20.16 2182 23.66 25.67 27 89 30 32 33.00 35.95 42.75 50.98 55.72 18.43 20.01 | 21.76 23.70 25.84 2821 30.84 3375 36.97 40.54 48.88 59.12 65.08 19.61 2141 23.4125.65 28.13 30.91 34.00 374541 3045.60 55.75 68.39 75.84 20.81 2284 25.12 27.67 30.54 33.76 37.384145 146.02 51.16 63.44 78.97 88.21 22.02 24.302687 29.78 33.07 3679 4100 457651,165728720591.02 102.4 23 24 25.78 28.68 31.97 35.72 | 39.994487 50.4256.76 64.00 81.70 1048 118.8 24.47 27.3030543425 38.51 43 39 | 490155.46 6287 71.40 92.50 120.4 137.6 25.72 28 85 3245 36 6241.4347.00 53.44 608969537954 104 6 138 3 159.3 26.97 30.42 344339.08 44.50 50.82 58.1866.76 76.7988.50 118.2 28 24 3203 36.46 | 41.65 47.73 54 86 6325 73.11 84.7098.35133.3 181.9212.8 15871842 29.53 33.67 38.55 44 31 51.11 59.16 68 68 79.95 | 93.32 109.2 150 3 2083 245.7 308235,3440.71 47 08 54.6763.7174488735 102.7 121.1 169.4 238.5 283.6 32.13 37.05 42.93 49.97 58.40 685380.70 95.34 33.45 38.79 4522 52.97 62.3273648735 104.0 1241 148.6 2146 312.13772 113.0 134 2190.7 | 272.9 327.1 3478 405747.58 56.08 66.4479.06 94 46 1133 136.31645 241.3 3568 434.7 488960.407540 95 03 120.81548 199.6 259.1 337.9 442676711,342 64.46 84.58 1128 1527 2093 2903 406.5 5738 815.11.164 2.400 4,995 7218 1,779 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 40 50 Print Done