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Question 13 Not yet answered Dana just won $1,000,000 in the state lottery. Her prize can be taken either in the form of $40,000 at

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Question 13 Not yet answered Dana just won $1,000,000 in the state lottery. Her prize can be taken either in the form of $40,000 at the end of each of the next 26 years (annuities), or as a single amount of $500,000 paid immediately. If the discount rate is 10% annually, which alternative she should take and why? Marked out of 3.00 Flag question Select one O a. She should take the annuities because they are $112,718 higher in value than the single amount O b. She should take the annuities because they are $132,380 higher in value than the single amount O c. She should take the annuities because they are $139,311 higher in value than the single amount O d. She should take the $500,000 because it's value today is higher than the value of the $40,000 payments for the next 26 years O e. None of the above

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