X E26-23 (similar to) Question Help Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: E (Click the icon to view the payout options.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 6% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar.) Option #1: X E26-23 (similar to) Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: E: (Click the icon to view the payout options.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) 3 (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 10% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar.) Option #1: Option #2: Option #3: $ $ $ 9,315,000 7,582,000 9,012,000 (Enter your answer as a numerale.g., 1.) 1 has the highest present value using the 10% discount rate. Therefore, it appears to be the most Payout Option # favorable option. Option #1: $13,000,000 after five years Option #2: $2,250,000 per year for five years Option #3: $12,000,000 after three years