Option #1:	$13,000,000 after five years
Option #2:	$2,100,000 per year for five years
Option #3:	$12,000,000 after three years

E26-23 (similar to) Congratulations! 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 10% 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: $9,315,000 Option 12: $ 7,582,000 Option #13: $ 9,012,000 (Enter your answer as a numerale.9. 1.) Payout Option # 1 has the highest present value using the 10% discount rate. Therefore, it appears to be the most favorable option