You are given an option of three lottery prizes: 1. $26615.25 now with $70068.49 in 5 years, 2. A payment each year of $22876.83 beginning in 1 year and ending after 4 payments, 3.6 payments half a year apart, each of $18420.31 with the first payment now. The current rate of interest is 4.73% compounded semi-annually. What is the value of the second option in today's dollars? Answer: $86,342.6 x The correct answer is: $ 81525.11