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ongratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: Click the icon to view the payout options.)

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ongratulations! You 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 6% on your funds, which option would you prefer? The present value of the payout is (Round your answers to the nearest whole dollar) Present value of the payout, Option 1 Present value of the payout Option 2 Present value of the payout Option 3 (Enter your answer as a numeral eg 1) The highest present value using the 6% discount rate and the option that, therefore, appears to be the most favorable is payout option ? Data table whole Option #1: $12,000,000 after five years Option #2: $2,150,000 per year for five years Option #3: $10,000,000 after three years Print Done That there

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