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You are considering two insurance settlement offers. The first offer includes annual payments of $120,000 a year for 10 years with the first payment made

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You are considering two insurance settlement offers. The first offer includes annual payments of $120,000 a year for 10 years with the first payment made at the beginning of the first year. The other offer is the payment of one lump sum amount today. You are trying to decide which offer to accept given the fact that your discount rate is 7.754. What is the minimum amount that you will accept today if you are to select the lump sum offer? O A. 916,161.32 O B. $877,48262 O C. $814,369.02 O D. $1,200,000.00 O E. $987 163.82

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