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Pls help solve. Present and future value tables are provided ongratulations! You've won a state lottol The state lottery offers you the following (after-tax) payout

Pls help solve. Present and future value tables are provided image text in transcribed
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ongratulations! You've won a state lottol The state lottery offers you the following (after-tax) payout options: Option #1: 12,000,000 six years from now Option #2 $2,000,000 at the end of each year for the next six years Option #3 $11 : 500,000 four years from now (Click the loon to view the present value factor table.) (Click the lcon to view the present value annuity factor table) (Click the loon to view the future value annuity factor table) (Click the lcon to view the future value factor table.) Requirement Assuming that you can earn 6% on your funds, which option would you prefer? (Round your answers to the nearest whole dollar) Calculate the present value for each payout Option #1 Option #2 Option #3: Payout Option has the highest present value using the 6% discount rate Therefore, it appears to be the most favorable option. Enter your answer in each of the answer boxes

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