Question 13 Junior Winsalot just got a new job coaching an international lacrosse team. The team owner has given her the option of receiving $400,000 a year for the next 10 years guaranteed or a lump sum payment. How much would Junior need to receive to make it worthwhile to take the lump sum if she can earn 8% annually on the lump sum? O $2,684,000 O $863,930 O $2,486,000 1 pts O $4,000,000

Junior Winsalot just got a new job coaching an international lacrosse team. The team owner has given her the option of receiving $400,000 a year for the next 10 years guaranteed or a lump sum payment. How much would Junior need to receive to make it worthwhile to take the lump sum if she can earn 8% annually on the lump sum? $2,684,000 $863,930 $2,486,000 $4,000,000