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please answer all parts Capitall Investment Decisions and the Time Value of Money Choosing a lottery payout option Congratulations! You've won a state lotto! The

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Capitall Investment Decisions and the Time Value of Money Choosing a lottery payout option Congratulations! You've won a state lotto! The state lottery offers you the following (after-tax) payout options: \begin{tabular}{l|r|l|} \hline Option & $14,500,000 & six years from now \\ \hline#1: & $2,200,000 & at the end of each year for the next six years \\ \hline Option \#2: & $12,500,000 & four years from now \\ \hline Option & \\ \hline 3: & & \\ \hline \end{tabular} Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab or if you type the numbers in, you will be marked Requirement Assuming that you can earn 6% on your funds, which option would you prefer? a. For each of the three Options, use a single Excel formula function PV. b. Make sure all answers are positive values. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab or if you type the numbers in, you will be marked wrong.) Option \#1: Option \#2: Option \#3: Which option would you prefer

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