Problem 7-27 A $1,500,000 state lottery prize is spread evenly over ten years ($150,000 a year) (Alternative 1), or you may take a lump distribution of $1,370,000 (Alternative 2). If you can earn 6 percent, calculate the present values of both alternatives. Use Appendix D to answer the question. Round your answers to the nearest dollar. PV (Alternative 1): $ PV (Alternative 2): $ Which alternative is better? -Select