Ronald Trump is suing CMN for libel and defamation. Wanting to avoid a lengthy judicial process CMN has offered to settle. Ronald does not particularly need the money right now, but he is determined to take the option with the highest value. If Ronald can earn 14% interest compounded annually, what option should Ronald choose? Calculate the value for each option. - Option 1: A single amount of $1,000,000 paid immediately Option 2: A single amount of $1,800,000 paid in 4 years Option 3: An ordinary 8-year annuity with a cash payment of $240,000 per year Option 4: A series of end of year payments reflected in the table below Year 1 - $500,000 Year 2 - $400,000 Year 3 - $300,000