Present Value. Winners of the Georpia Lotio drawing are given the choice of receiving the winning amount divided equally over 22 years or as a lump-sum cash opton amount. The cash opton amount is determined by dacounting the annual Winning payment at 8% over 22 years. This week the loctery is worth $15 millon lo a single winner. What would the cash cotion poyout be? The cash option payout would be : nearest cont)