Several years ago, a woman won $75 million in the state lottery. To pay off the winner, the state offered five payment plans to the woman. Plan 1 included an immediate payment of $27 million followed by 13 annual payments of $6 million. Plan 2 consisted of an immediate payment of $24 million followed by 9 equal annual payments of $8.2 million. Plan 3 included an immediate payment of $3 million followed by 11 annual payments, each of which is $1.2 million greater than the previous payment. Plan 4 consisted of an immediate payment of $35 million, followed by three equal annual payments of $16 million. Plan 5 involves an immediate payment of \$75 million. Part a Recognizing the unequal lives of the various alternatives, determine which plan the woman should select if her MARR is 3% compounded annually. Click here to access the TVM Factor Table calculator. If the MARR is 3%, the greatest PW equals $ million. Carry all interim calculations to 5 decimal places and then round your final answer to two decimal places. Please enter your answer in millions of dollars. The tolerance is 0.01. So, should be selected. Several years ago, a woman won $75 million in the state lottery. To pay off the winner, the state offered five payment plans to the woman. Plan 1 included an immediate payment of $27 million followed by 13 annual payments of $6 million. Plan 2 consisted of an immediate payment of $24 million followed by 9 equal annual payments of $8.2 million. Plan 3 included an immediate payment of $3 million followed by 11 annual payments, each of which is $1.2 million greater than the previous payment. Plan 4 consisted of an immediate payment of $35 million, followed by three equal annual payments of $16 million. Plan 5 involves an immediate payment of \$75 million. Part a Recognizing the unequal lives of the various alternatives, determine which plan the woman should select if her MARR is 3% compounded annually. Click here to access the TVM Factor Table calculator. If the MARR is 3%, the greatest PW equals $ million. Carry all interim calculations to 5 decimal places and then round your final answer to two decimal places. Please enter your answer in millions of dollars. The tolerance is 0.01. So, should be selected