pter 06 Pre-Buit Problems Help Seve Alex Melr recently won a lottery and has the option of recelving one of the following three prizes: (1) $88,000 cash immediately, (2) $34,000 cash immediately and a six-perlod annulty of $9,300 beginning one year from today, or (3) a sik-period annuity of $18,400 beginning one year from today. (FV of $1. PV of $1, EVA of $t, PVA of $1, EVAD of $1 and PVAD of S1 (Use appropriate factorts) from the tables provided) Assuming an interest rate of 7% determine the present value for the above options. which option should Alex choose? 2. The Welmer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2027 Weimer will make annual deposits of $175.000 into a special bank account at the end of each of 10 years beginning December 31, 2018 Assuming that the bank account pays 8% interest compounded a r ally, what wil be the fund balance after the last payment is made on December 31 20277 Complete this question by entering your answers in the tabs below Required Required 2 Ausumng an interest rate of 7%, determine the present value for the above options, which option should Alex choose? Round your final answers to nearest whole dollar amount.) PV Option Option 1 Option 2 Option 3 13,131 option should Alex choose? MacBook Air 8