You have just matched all of the winning numbers of the recent Mega Gillions drawing. The jackpot was $100,000,000. Your choices are to receive your prize in equal annual installments of $5,000,000 over the next 20 years, or take a lump sum payment of $50,000,000 today. Leaving out the effect of taxes, and assuming a discount rate of 5% annually, which is the better option in terms of present value? Installments The present values of each option are the same Cannot determine based on the information given Lump Sum