Question Help Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: Click the icon to view the payout options.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 8% on your funds, which option would you prefer? - X Data Table The present value of the payout is: (Round your answers to the nearest whole dollar.) Option #1: Option #1: $14,000,000 after five years Option #2: $2.150,000 per year for five years Option #3: $11,000,000 after three years Option 2 Option #3 (Enter your answer as a numerale... 1.) Print Done Payout Option has the highest present value using the 3% discount rate. Therefore, it appears to be the most favorable option