QUESTION 6 Assume you have won $1 million on Lotto. You have been presented with several payout choices, and you have to make a decision on which one to accept. Provided that the interest rate is 4%, what option gives the highest payoff? The choices are as follows: a. $1 million today (0) 6.91.1 million today (1) OC 51.4 million lump sum in 2 years d. A series of constant cash flows of $200,000 a year over 7 years starting today A series of constant cash flows of $200,000 a year over 7 years starting next year