payment today. The second option is to receive $22,600 at the end of each of the next 19 years and a $30,800 lump sum payment in the 20th year. George can invest money at a 7% rate. Click here to view the factor table. (a) Calculate the present value of the two options. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, eg. 58,971.) Option 1 Present value $ 126000 Which option should George choose to receive his winnings? Option 2 v Option 2 241552.32 (b) If George could invest money at 10%, calculate the present value of the two options. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, eg. 58,971.) Option 11 Option 2 Present value $ 126000 $ Which option should he choose? Option 2 193627