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Question 5 6 pts You just won the Florida lottery. To receive your winnings, you must select one of the two following choices: Option-1.

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Question 5 6 pts You just won the Florida lottery. To receive your winnings, you must select one of the two following choices: Option-1. You can receive $1,000,000 a year at the end of each of the next 30 years; OR Option-2. You can receive a one-time payment of $15,000,000 today. Assume that the current interest rate is 6%. Assume that the current interest rate is 6%. Which option is most valuable? (Read each answer choices carefully - you can use the previous question result to compare option- 1 and option-2) Option 1; because present value of cash flow is more than one time payment of $15,000,000 Option 1; because present value of cash flow is less than one time payment of $15,000,000 Option 2; because one time payment of $15,000,000 less than the present Value of Option 1 cash flows Option 2; because one time payment of $15,000,000 is more than the present Value of Option 1 cash flows 00

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