The Jenkins Corporation has purchased an executive jet. The company has agreed to pay $201,200 per year for the next 10 years and an additional $2,012,000 at the end of the 10th year. The seller of the jet is charging 6 percent annual interest. (FV of $1, PV of $1,FVA of $1, and PVA of \$1) Note: Use the appropriate factor(s) from the tables provided. Required: Determine the liability that would be recorded by Jenkins. Note: Round your intermediate calculations and final answer to nearest whole dollar. E9-18 (Algo) Using Present Value Concepts for Decision Making LO 9-7 You have just won the state lottery and have two choices for collecting your winnings. You can collect $104,500 today or receive $20,900 at the end of each year for the next seven years. A financial analyst has told you that you can earn 10 percent on your investments. Required: 1. Calculate the present value of both the options (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) Note: Use appropriate factor(s) from the tables provided. 2. Which alternative should you select? Complete this question by entering your answers in the tabs below. Calculate the present value of both the options. Note: Round your answers to nearest whole dollar