th oe o of tax piae moner John wins the lottery and has the following three payout options for after tax prize money: 1. $150,000 per year at the end of each of the next six years 2. $300,000 (lump sum) now 3. $500,000 (lump sum) six years from now The required rate of return is 9%. What is the present value if he selects the first option? Round to nearest whole dollar. Present value of annuity of $1