Problem 6-5 Julia Baker died, leaving to her husband Newman an insurance policy contract that provides that the beneficiary (Newman) can choose any one of the following four options. Money is worth 2.5% per quarter, compounded quarterly. Compute Present value if: Click here to view factor tables (a) $55,560 immediate cash. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Present value 1 $ 55,560 LINK TO TEXT LINK TO TEXT (b) 4,090 every 3 months payable at the end of each quarter for 5 years. (Round factor values to decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Present value LINK TO TEXT LINK TO TEXT (c) $19,460 immediate cash and $1,946 every 3 months for 10 years, payable at the beginning of each 3-month period. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Present value LINK TO TEXT LINK TO TEXT (d) $4,090 every 3 months for 3 years and $1,430 each quarter for the following 25 quarters, all payments payable at the end of each quarter. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Present value I LINK TO TEXT LINK TO TEXT Which option would you recommend that Newman exercise? Click if you would like to show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT