Present Value. Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 22 years or as a lump sum cash option amount. The cash option amount is determined by discounting the annual winning payment at 5% over 22 years. This week the lottery is worth $16 million to a single winner What would the cash option payout be? The cash option payout would be (Round to the nearest cent) (Use your financial calculator or you may use the Financial Tables in Appendix in computing your answer and found to the nearest cant)