payout options 1,2&3

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 Forture Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 12% on your funds, which option would you prefer? Data table - ECCO The present value of the payout is: (Round your answers to the nearest whole dollar) Present value of the payout, Option #1: Option 1: $14,000,000 after five years Option #2: $2,150,000 per year for five years Option #3: $11,000,000 after three years Print Done