Sharon Smith will receive $1.24 million in 50 years. The discount rate is 8%. As an alternative, she can receive $26,040 today. Which should she choose? Use Appendix B. (Round "PV Factor" to 3 decimal places.) Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a. the $1.24 million dollars in 50 years.

b. $26,040 today.

c. she should be indifferent.

d. need more information.