Problem 2 Congratulations! You have won the Bay City Lottery! You have won $ 20,000,000 payable in 20 annual payments of $1,000,000 each year The Lottery has given you the choice of: CHOICE A A total of $ 20,000,000 20 Annual Payments at end of each year $ 1,000,000 OR CHOICEB A single, lump sum payment of $12,000,000 Paid Today You are able to invest funds at 6% a. The Net Present Value of CHOICE A is b. The Net Present Value of CHOICE A is C. The Net Present Value of CHOICE A is d. The Net Present Value of CHOICE A is $11,469,900 $12,000,000 $20,000,000 $24,924,000 Which option should you choose? a. CHOICE A: b. CHOICE B c. NEITHER CHOICE A NOR B d. BOTH CHOICE A AND B