Smith just won the lottery and must choose between three award options. He can elect to receive an unday end-of-year payments of $7 million, or 15 end-of-year payments of $5million. If he can earn 10% ry on instadt best option? a. Clearly show all the calculations using a financial calculator. Clearly list the calculator keys and entries Financial Calculator solution: I/Y PV PMT FV Option #1: N I/Y FV PV PMT Option #2: N PMT FV 1/Y PV Option #3: N b. Which option is best? Explain